Passes our checks

Funding Arts Broward Inc

EIN 20-0151317 · Ft Lauderdale, FL

Public records show a registered, tax-exempt organization in good standing.

What it says it does

FUNDING ARTS BROWARD SUPPORTS, SUSTAINS AND ENRICHES THE ARTS IN OUR COMMUNITY.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Good: 75 out of 100. Higher than 48% of charities in its peer group (arts and culture, $250k to $1m).

Reserves
35 of 35
Spendable reserves would cover 21.7 months of spending.
Debt
10 of 20
It owes 33% of what it owns.
Living within its means
0 of 15
Spending exceeded income by 33% of income.
Income trend
15 of 15
Income rose 8% on the year before.
Spending floor
15 of 15
90% of spending went to programs and raising each dollar of donations cost 6 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Strong: 97 out of 100. Higher than 91% of charities in its peer group (arts and culture, $250k to $1m).

Independent board
25 of 25
18 of 18 voting board members are independent.
Conflict of interest policy
15 of 15
Has a written conflict of interest policy.
Whistleblower policy
8 of 8
Has a written whistleblower policy.
Record keeping policy
7 of 7
Has a written policy on keeping and destroying records.
Board minutes
5 of 5
Keeps minutes of board meetings.
Board sees the tax return
10 of 10
Gave the board a copy of this return before filing it.
Independent check of accounts
12 of 15
Its accounts were reviewed or compiled by an independent accountant, but not audited.
No reported misuse
10 of 10
Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)

$422,757 spent. FUNDING ARTS BROWARD AWARDED 57 TOTAL GRANTS FROM FAB'S ANNUAL GRANT POOL. OF THESE GRANTS, 38 WERE FOR ART ORGANIZATIONS RANGING FROM $5000 TO $12,500 TO SUPPORT PERFORMANCES AND EXHIBITIONS IN BROWARD COUNTY. IN ADDITION, 19 GRANTS TO 19 ARTS ORGANIZATIONS IN THE CATEGORY OF ARTS EDUCATION TARGETED TO THE K12 AGE GROUPS. THESE GRANT AWARDS WERE BETWEEN $3000 AND $10,000.
$344,968 spent. FUNDING ARTS BROWARD AWARDED 3 GRANTS FROM FAB'S NEW INITIATIVE FUND. OF THESE GRANTS, 2 WERE MULTIYEAR GRANTS AWARDED TO 2 ARTS ORGANIZATIONS IN THE CATEGORY OF ARTS EDUCATION. IN ADDITION, ONE OF THESE GRANTS WAS AWARDED TO AN ART ORGANIZATION IN THE CATEGORY OF PUBLIC ART.
$77,867 spent. FUNDING ARTS BROWARD (FAB) SUPPORTS ORGANIZATIONS BEYOND GIVING GRANTS VIA SEVERAL PROGRAMS DESIGNED TO INTRODUCE THE GRANTEES TO FAB MEMBERS, CORPORATE PARTNERS, AND GUESTS. MANY FAB MEMBERS GO ON TO BECOME PATRONS AND DIRECT DONORS TO THE ORGANIZATIONS THAT FUNDING ARTS BROWARD HAS FUNDED WITH A GRANT.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since October 2003.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

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