Bronx Museum of the Arts

Analysis

Bronx Museum of the Arts is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in March 1973, 53 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, Bronx Museum of the Arts reported income of $3.5m and spending of $4.2m, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.8m to $3.5m (-8.3%), an average of -2.1% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bronx Museum of the Arts sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include National Comedy Center Operator Inc ($3.5m), Actors Gang Inc ($3.5m) and National Ornamental Metal Museum Inc ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 104% of the total. Compensation of current officers, directors and key employees was $278k (6.6% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $5.9m against liabilities of $336k, net assets of $5.6m. It reported 101 employees.