Art Barn School of Art Inc

Analysis

Art Barn School of Art Inc is a registered charity in United States, based in Valparaiso, IN. It received its IRS tax-exemption ruling in February 1986, 40 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 December 2023, Art Barn School of Art Inc reported income of $222k and spending of $212k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $219k to $222k (+1.4%), an average of +0.3% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Art Barn School of Art Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within IN. Charities of a similar size with the same main cause include Volunteer Fire Department Inc ($222k), International Dzogchen Community at Tsegyalgar East ($222k) and Arlington Youth Lacrosse and Field Hockey Club ($222k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 61% of the total. Other salaries and wages came to $75k. At year end it held assets of $1.1m against liabilities of $24k, net assets of $1.0m. It reported 6 employees.