Boca Grande Art Center Inc

Analysis

Boca Grande Art Center Inc is a registered charity in United States, based in Boca Grande, FL. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2024, Boca Grande Art Center Inc reported income of $346k and spending of $326k, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $361k to $346k (-4.4%), an average of -1.1% a year. The sharpest change came in the year to June 2023, when income dropped by 29%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Boca Grande Art Center Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 67th percentile within FL. Charities of a similar size with the same main cause include Chopsticks Alley Art ($345k), Vox Populi Inc ($346k) and Germantown Community Theater Inc ($345k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 28% and program service revenue 58% of the total. Other salaries and wages came to $98k. At year end it held assets of $579k against liabilities of $3,687, net assets of $575k. It reported 2 employees.