Artfest Fort Myers Inc

Analysis

Artfest Fort Myers Inc is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in January 2002, 24 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2024, Artfest Fort Myers Inc reported income of $556k and spending of $552k, spending 99% of its income. Across the 5 years on record, from April 2020 to April 2024, income grew from $528k to $556k (+5.3%), an average of +1.3% a year. 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, Artfest Fort Myers Inc sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Read to Me International Foundation ($556k), Castine Scientific Society ($556k) and Mennonite Historians of Eastern Pennsylvania Inc ($556k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 41% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $85k (15% of expenses). Other salaries and wages came to $85k. At year end it held assets of $207k against liabilities of $153k, net assets of $54k. It reported 3 employees.