Belmar Arts Council Inc

Analysis

Belmar Arts Council Inc is a registered charity in United States, based in Belmar, NJ. It received its IRS tax-exemption ruling in December 2005, 21 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, Belmar Arts Council Inc reported income of $97k and spending of $81k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $62k to $97k (+56%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 115%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Belmar Arts Council Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 44th percentile within NJ. Charities of a similar size with the same main cause include Golf My Future My Game ($97k), Upper Sandusky Music Boosters Inc ($97k) and National Alliance for the Mentally Ill Stanislaus Nami Stanislaus ($97k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $16k (19% of expenses). At year end it held assets of $71k against liabilities of $0, net assets of $71k. It reported 1 employees.