Burlington City Arts Foundation Inc

Analysis

Burlington City Arts Foundation Inc is a registered charity in United States, based in Burlington, VT. It received its IRS tax-exemption ruling in March 1998, 28 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 June 2024, Burlington City Arts Foundation Inc reported income of $3.5m and spending of $704k, leaving 80% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $345k to $3.5m (+920%), an average of +59% a year. The sharpest change came in the year to June 2020, when income rose by 232%. Over the whole period it spent 40% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Burlington City Arts Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within VT. Charities of a similar size with the same main cause include Tucson Museum of Art ($3.5m), Nebraska State Historical Society Foundation ($3.5m) and The National Museum of Puerto Rican Arts and Culture ($3.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. At year end it held assets of $7.0m against liabilities of $0, net assets of $7.0m.