The Fountainhead Residency Inc

Analysis

The Fountainhead Residency Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in May 2018, 8 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 December 2023, The Fountainhead Residency Inc reported income of $1.1m and spending of $878k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $426k to $1.1m (+163%), an average of +27% a year. The sharpest change came in the year to December 2020, when income rose by 51%. Over the whole period it spent 71% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Fountainhead Residency Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Center for Jewish Culture and Creativity ($1.1m), Center for American Values Inc ($1.1m) and Doulas Latinas International ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $242k (28% of expenses). Other salaries and wages came to $135k. At year end it held assets of $1.4m against liabilities of $15k, net assets of $1.4m. It reported 3 employees.