Venice Concert Band Inc

Analysis

Venice Concert Band Inc is a registered charity in United States, based in Venice, FL. It received its IRS tax-exemption ruling in June 1997, 29 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Venice Concert Band Inc reported income of $93k and spending of $99k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $98k to $93k (-4.8%), an average of -4.8% a year. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Venice Concert Band Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 38th percentile within FL. Charities of a similar size with the same main cause include Friends of the Villages Library Inc ($93k), Houston Alumnae Panhellenic Foundation ($93k) and Sunbeam Corner Inc ($93k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 8.0% and program service revenue 89% of the total. At year end it held assets of $187k against liabilities of $0, net assets of $187k.