Basilica Arts Inc

Analysis

Basilica Arts Inc is a registered charity in United States, based in Hudson, NY. It received its IRS tax-exemption ruling in August 2016, 10 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, Basilica Arts Inc reported income of $425k and spending of $552k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $478k to $425k (-11%), an average of -2.9% a year. The sharpest change came in the year to December 2021, when income rose by 79%. 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, Basilica Arts Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Lubbock Moonlight Musicals Inc ($425k), Roanoke Ballet Theatre Inc ($425k) and Volunteer Ally ($425k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. Other salaries and wages came to $87k. At year end it held assets of $164k against liabilities of $32k, net assets of $132k. It reported 6 employees.