Arts in Health Ocala Metro Inc

Analysis

Arts in Health Ocala Metro Inc is a registered charity in United States, based in Ocala, FL. It received its IRS tax-exemption ruling in August 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, Arts in Health Ocala Metro Inc reported income of $279k and spending of $215k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $60k to $279k (+365%), an average of +365% a year. The sharpest change came in the year to December 2023, when income rose by 365%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts in Health Ocala Metro Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within FL. Charities of a similar size with the same main cause include R a C E Dance Company ($279k), Hickory Ballet & Performing Arts ($279k) and Asociacion de Documentalistas de Puerto Rico Inc ($279k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $75k (35% of expenses). Other salaries and wages came to $62k. At year end it held assets of $81k against liabilities of $2,566, net assets of $79k. It reported 5 employees.