Bravo Creative Arts Center Inc

Analysis

Bravo Creative Arts Center Inc is a registered charity in United States, based in Franklin, TN. It received its IRS tax-exemption ruling in June 2006, 20 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 December 2023, Bravo Creative Arts Center Inc reported income of $289k and spending of $289k, spending 100% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $210k to $289k (+37%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 59%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bravo Creative Arts Center Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 62nd percentile within TN. Charities of a similar size with the same main cause include Society for Affective Science Inc ($289k), Central Indiana Dance Ensemble Inc ($289k) and Baltimore Classical Guitar Society ($289k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $44k (15% of expenses). Other salaries and wages came to $44k. At year end it held assets of $67k against liabilities of $8,100, net assets of $58k. It reported 2 employees.