Long Beach Island Foundation of the Arts and Sciences

Analysis

Long Beach Island Foundation of the Arts and Sciences is a registered charity in United States, based in Long BCH TWP, NJ. It received its IRS tax-exemption ruling in March 1951, 75 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 September 2023, Long Beach Island Foundation of the Arts and Sciences reported income of $2.8m and spending of $1.0m, leaving 63% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.3m to $2.8m (+111%), an average of +20% a year. The sharpest change came in the year to September 2023, when income rose by 121%. Over the whole period it spent 63% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Long Beach Island Foundation of the Arts and Sciences sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within NJ. Charities of a similar size with the same main cause include American Chemical Society ($2.8m), Empire State Youth Orchestra ($2.8m) and Chahta Foundation ($2.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 57% and program service revenue 35% of the total. Other salaries and wages came to $417k. At year end it held assets of $3.5m against liabilities of $136k, net assets of $3.4m. It reported 53 employees.