Spady Cultural Heritage Museum Inc

Analysis

Spady Cultural Heritage Museum Inc is a registered charity in United States, based in Delray Beach, FL. It received its IRS tax-exemption ruling in December 1997, 29 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 September 2023, Spady Cultural Heritage Museum Inc reported income of $648k and spending of $544k, spending 84% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $379k to $648k (+71%), an average of +14% a year. The sharpest change came in the year to September 2023, when income rose by 39%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Spady Cultural Heritage Museum Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Sail Marthas Vineyard Inc ($648k), Carbondale Community Access Radio ($648k) and Out at the Movies ($648k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% and program service revenue 3.2% of the total. Other salaries and wages came to $137k. At year end it held assets of $532k against liabilities of $16k, net assets of $516k. It reported 3 employees.