Simbios Art Corp

Analysis

Simbios Art Corp is a registered charity in United States, based in North Miami, 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Simbios Art Corp reported income of $51k and spending of $51k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $7,271 to $51k (+605%), an average of +605% a year. The sharpest change came in the year to December 2023, when income rose by 605%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Simbios Art Corp sits at the 23rd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 23rd percentile within FL. Charities of a similar size with the same main cause include Borough of Sewickley Heights History Center Inc ($51k), John J Garbarino & Adrienne Houssiere Garbarino Memorial TR 4 ($51k) and Summer Musical Enterprise ($51k).

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 $141 against liabilities of $0, net assets of $141.