Suncoast Black Arts Collaborative Inc

Analysis

Suncoast Black Arts Collaborative Inc is a registered charity in United States, based in Bradenton, FL. It received its IRS tax-exemption ruling in June 2020, 6 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, Suncoast Black Arts Collaborative Inc reported income of $162k and spending of $160k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $122k to $162k (+32%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Suncoast Black Arts Collaborative Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within FL. Charities of a similar size with the same main cause include Fine Arts Fiesta ($162k), Wings of Eagles Discovery Center ($162k) and Dance and Body Works Inc ($162k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $108k against liabilities of $1,952, net assets of $106k.