Coral Springs Museum of Art Inc

Analysis

Coral Springs Museum of Art Inc is a registered charity in United States, based in Coral Springs, FL. It received its IRS tax-exemption ruling in February 2000, 26 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, Coral Springs Museum of Art Inc reported income of $583k and spending of $547k, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.0m to $583k (-43%), an average of -13% a year. The sharpest change came in the year to September 2021, when income rose by 78%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Coral Springs Museum of Art Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Lakeland Cultural Arts Center Inc ($583k), Glen Echo Pottery Inc ($583k) and Origination ($583k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 65% and program service revenue 30% of the total. Other salaries and wages came to $286k. At year end it held assets of $2.0m against liabilities of $22k, net assets of $2.0m. It reported 30 employees.