Baum School of Art

Analysis

Baum School of Art is a registered charity in United States, based in Allentown, PA. It received its IRS tax-exemption ruling in October 1951, 75 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Baum School of Art reported income of $1.2m and spending of $1.4m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.6m to $1.2m (-24%), an average of -6.5% a year. The sharpest change came in the year to June 2022, when income rose by 45%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Baum School of Art sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within PA. Charities of a similar size with the same main cause include Baker County YMCA ($1.2m), State Freedom Caucus Foundation ($1.2m) and Boy Scouts of America ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $108k (7.9% of expenses). Other salaries and wages came to $507k. At year end it held assets of $6.2m against liabilities of $324k, net assets of $5.8m. It reported 44 employees.