The Bronx River Art Center Inc

Analysis

The Bronx River Art Center Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in December 1987, 39 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, The Bronx River Art Center Inc reported income of $532k and spending of $566k, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $537k to $532k (-0.9%), an average of -0.2% a year. The sharpest change came in the year to June 2020, when income rose by 27%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Bronx River Art Center Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Signet Associates ($532k), Society for Contemporary Art ($532k) and Community Arts Center of Cambria County ($532k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $81k (14% of expenses). Other salaries and wages came to $130k. At year end it held assets of $351k against liabilities of $23k, net assets of $329k. It reported 1 employees.