Centre for the Arts at Mizner Park Inc

Analysis

Centre for the Arts at Mizner Park Inc is a registered charity in United States, based in Boca Raton, 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 June 2024, Centre for the Arts at Mizner Park Inc reported income of $931k and spending of $1.0m, spending 108% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $1.2m to $931k (-24%), an average of -5.3% a year. The sharpest change came in the year to June 2021, when income dropped by 62%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Centre for the Arts at Mizner Park Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include American Needlepoint Guild Inc ($931k), Illinois Philharmonic Orchestra ($931k) and Christ Church Preservation Trust ($930k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 74% and program service revenue 25% of the total. At year end it held assets of $319k against liabilities of $7,366, net assets of $312k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.