Brookhaven Arts & Music Foundation Organization

Analysis

Brookhaven Arts & Music Foundation Organization is a registered charity in United States, based in Brookhaven, NY. It received its IRS tax-exemption ruling in March 2017, 9 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, Brookhaven Arts & Music Foundation Organization reported income of $51k and spending of $49k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $120k to $51k (-58%), an average of -19% a year. The sharpest change came in the year to December 2020, when income dropped by 73%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Brookhaven Arts & Music Foundation Organization sits at the 22nd 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 22nd percentile within NY. Charities of a similar size with the same main cause include Society for Preservation & Encourmt of Barbershop Quartet Singing Amer ($51k), Zelienople Historical Society ($51k) and Hip Hop Re- Education Project Inc ($51k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. At year end it held assets of $6,053 against liabilities of $0, net assets of $6,053.