Inffinito Art & Cultural Foundation Inc

Analysis

Inffinito Art & Cultural Foundation Inc is a registered charity in United States, based in Miami Beach, FL. It received its IRS tax-exemption ruling in April 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 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 July 2024, Inffinito Art & Cultural Foundation Inc reported income of $283k and spending of $328k, spending 116% of what it took in. Across the 5 years on record, from July 2020 to July 2024, income grew from $234k to $283k (+21%), an average of +4.8% a year. The sharpest change came in the year to July 2023, when income rose by 60%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Inffinito Art & Cultural Foundation 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 61st percentile, and in the 64th percentile within FL. Charities of a similar size with the same main cause include Music Education & Performing Artists Association ($283k), Historic Salisbury Foundation Inc ($283k) and Rocky Mountain Association of Geologists ($283k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $39k (12% of expenses). At year end it held assets of $24k against liabilities of $23k, net assets of $977.