Old School Square Center for the Arts Inc

Analysis

Old School Square Center for the Arts Inc is a registered charity in United States, based in Delray Beach, FL. It received its IRS tax-exemption ruling in November 1988, 38 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Old School Square Center for the Arts Inc reported income of $132k and spending of $140k, spending 106% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $3.9m to $132k (-97%), an average of -57% a year. The sharpest change came in the year to September 2022, when income dropped by 81%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Old School Square Center for the Arts Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 48th percentile within FL. Charities of a similar size with the same main cause include National Organization of Black Law Enforcement Executives Noble ($132k), PTA New Jersey Congress of Parents & Teachers ($132k) and Shrine Bowl of Wyoming Inc ($132k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $824. At year end it held assets of $953k against liabilities of $230k, net assets of $723k.