Studios of Cocoa Beach an Art Cooperative Inc

Analysis

Studios of Cocoa Beach an Art Cooperative Inc is a registered charity in United States, based in Cocoa Beach, FL. It received its IRS tax-exemption ruling in October 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 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 December 2023, Studios of Cocoa Beach an Art Cooperative Inc reported income of $85k and spending of $56k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $60k to $85k (+42%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 63% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Studios of Cocoa Beach an Art Cooperative Inc sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 36th percentile within FL. Charities of a similar size with the same main cause include Graffiti Heart Corporation ($85k), Create Gwinnett Inc ($85k) and Chimayo Cultural Preservation Association ($85k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.4% and program service revenue 54% of the total. At year end it held assets of $85k against liabilities of $18k, net assets of $67k.