Indian River Literary Society Inc

Analysis

Indian River Literary Society Inc is a registered charity in United States, based in Vero Beach, FL. It received its IRS tax-exemption ruling in August 1999, 27 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, Indian River Literary Society Inc reported income of $119k and spending of $86k, leaving 28% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $3 to $119k (+3972200%), an average of +19831% a year. The sharpest change came in the year to June 2023, when income rose by 5956800%. Over the whole period it spent 68% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Indian River Literary Society Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 45th percentile within FL. Charities of a similar size with the same main cause include Country Dance & Song Society Inc ($119k), Knowlton Fine Arts ($119k) and Black Girl Hockey Club ($119k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 57% and program service revenue 43% of the total. At year end it held assets of $129k against liabilities of $0, net assets of $129k.