Diamondhead School of Fine Arts

Analysis

Diamondhead School of Fine Arts is a registered charity in United States, based in Diamondhead, MS. It received its IRS tax-exemption ruling in February 2021, 5 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, Diamondhead School of Fine Arts reported income of $121k and spending of $104k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $88k to $121k (+38%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Diamondhead School of Fine Arts sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 43rd percentile within MS. Charities of a similar size with the same main cause include Halcyon Music Festival Inc ($121k), Society for Conservation Biology North America Inc ($121k) and Sunset Community Theatre Inc ($121k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 44% of the total. At year end it held assets of $35k against liabilities of $0, net assets of $35k.