Patrons of Exceptional Artists Inc

Analysis

Patrons of Exceptional Artists Inc is a registered charity in United States, based in Aventura, FL. It received its IRS tax-exemption ruling in October 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 December 2023, Patrons of Exceptional Artists Inc reported income of $638k and spending of $508k, leaving 20% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $360k to $638k (+77%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 135%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Patrons of Exceptional Artists Inc sits at the 80th percentile: it is larger than about 80% 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 Art of the Rural ($638k), Sam and Alfreda Maloof Foundation for Arts and Crafts ($638k) and American Chemical Society ($638k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.9% of the total. Other salaries and wages came to $36k. At year end it held assets of $136k against liabilities of $94k, net assets of $41k.