Bare Hands Gallery Inc

Analysis

Bare Hands Gallery Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in July 2022, 4 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, Bare Hands Gallery Inc reported income of $339k and spending of $344k, spending 102% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $217k to $339k (+56%), an average of +9.3% a year. The sharpest change came in the year to December 2021, when income rose by 119%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bare Hands Gallery Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within AL. Charities of a similar size with the same main cause include Herencia Mariachi Academy ($339k), Dayton Liederkranz-Turners Inc ($339k) and Maryland Art Place Inc ($339k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. At year end it held assets of $192k against liabilities of $0, net assets of $192k.