Arts Foundation for Martin County Inc

Analysis

Arts Foundation for Martin County Inc is a registered charity in United States, based in Stuart, FL. It received its IRS tax-exemption ruling in July 2001, 25 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Arts Foundation for Martin County Inc reported income of $280k and spending of $340k, spending 121% of what it took in. Across the 4 years on record, from September 2020 to September 2023, income fell from $441k to $280k (-37%), an average of -14% a year. The sharpest change came in the year to September 2021, when income dropped by 25%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts Foundation for Martin County Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within FL. Charities of a similar size with the same main cause include Henderson Area Arts Alliance Inc ($280k), Reconciliation an International ($280k) and Chappell Hill Historical Society ($280k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. At year end it held assets of $125k against liabilities of $20k, net assets of $104k.