Arching Oaks Art and Culture Center Inc

Analysis

Arching Oaks Art and Culture Center Inc is a registered charity in United States, based in Eustis, FL. It received its IRS tax-exemption ruling in March 2019, 7 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, Arching Oaks Art and Culture Center Inc reported income of $109k and spending of $72k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $88k to $109k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 67% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arching Oaks Art and Culture Center Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 43rd percentile within FL. Charities of a similar size with the same main cause include New Mexico Performing Arts Society ($109k), Konkau Association Corporation ($109k) and North Carolina Brass Band ($109k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. At year end it held assets of $70k against liabilities of $0, net assets of $70k.