Overflow Fine Arts Inc

Analysis

Overflow Fine Arts Inc is a registered charity in United States, based in Valrico, FL. It received its IRS tax-exemption ruling in September 2022, 4 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, Overflow Fine Arts Inc reported income of $138k and spending of $129k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $92k to $138k (+49%), an average of +49% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Overflow Fine Arts Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 49th percentile within FL. Charities of a similar size with the same main cause include Pieces of a Dream Inc ($138k), Bay Choral Guild ($138k) and Museum of the Albemarle Inc ($138k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $26k (20% of expenses). Other salaries and wages came to $29k. At year end it held assets of $8,598 against liabilities of $0, net assets of $8,598.