Bric Arts Media Bklyn Inc

Analysis

Bric Arts Media Bklyn Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 1981, 45 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 2023, Bric Arts Media Bklyn Inc reported income of $14.3m and spending of $18.6m, spending 130% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $16.3m to $14.3m (-12%), an average of -3.2% a year. The sharpest change came in the year to June 2022, when income rose by 41%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bric Arts Media Bklyn Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Crazy Horse Memorial Foundation ($14.3m), Gettysburg Foundation ($14.3m) and Museum of the Marine ($14.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $662k (3.6% of expenses). Other salaries and wages came to $8.6m. At year end it held assets of $16.4m against liabilities of $3.4m, net assets of $13.0m. It reported 449 employees.