Herbert Berghof Studio Inc

Analysis

Herbert Berghof Studio Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1993, 33 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 August 2023, Herbert Berghof Studio Inc reported income of $2.2m and spending of $2.6m, spending 114% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $2.3m to $2.2m (-0.5%), an average of -0.1% a year. The sharpest change came in the year to August 2022, when income rose by 19%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Herbert Berghof Studio Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Arkansas Symphony Orchestra Foundation ($2.2m), Jewish Museum of Maryland Inc ($2.2m) and Staten Island Childrens Museum ($2.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 14% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $84k (3.3% of expenses). Other salaries and wages came to $1.3m. It paid $167k in professional fundraising fees. At year end it held assets of $2.2m against liabilities of $870k, net assets of $1.4m. It reported 89 employees.