Silver Lining Arts Foundation Inc

Analysis

Silver Lining Arts Foundation Inc is a registered charity in United States, based in Myrtle Beach, SC. It received its IRS tax-exemption ruling in April 2016, 10 years ago. 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 2023, Silver Lining Arts Foundation Inc reported income of $293k and spending of $266k, spending 91% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $268k to $293k (+9.5%), an average of +2.3% a year. The sharpest change came in the year to June 2021, when income rose by 116%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Silver Lining Arts Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 66th percentile within SC. Charities of a similar size with the same main cause include Trojan Club ($293k), Burnsville Athletic Club ($293k) and Trinity Commons Housing Corporation ($293k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $85k (32% of expenses). Other salaries and wages came to $52k. At year end it held assets of $67k against liabilities of $11k, net assets of $55k. It reported 8 employees.