Friends of The@coastal Arts Pavilion at Freeman Park Inc

Analysis

Friends of The@coastal Arts Pavilion at Freeman Park Inc is a registered charity in United States, based in Selbyville, DE. It received its IRS tax-exemption ruling in February 2016, 10 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 (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of The@coastal Arts Pavilion at Freeman Park Inc reported income of $2.5m and spending of $1.6m, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.5m (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2022, when income rose by 798%. Over the whole period it spent 13% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of The@coastal Arts Pavilion at Freeman Park Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within DE. Charities of a similar size with the same main cause include The Appel Farm Arts and Music Center ($2.5m), Manchester Craftsmens Guild ($2.5m) and Don Harrington Discovery Center Foundation Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $25.6m against liabilities of $14k, net assets of $25.6m.