Barnstone Art for Kids

Analysis

Barnstone Art for Kids is a registered charity in United States, based in Phoenixville, PA. It received its IRS tax-exemption ruling in September 2012, 14 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, Barnstone Art for Kids reported income of $219k and spending of $220k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $174k to $219k (+25%), an average of +5.8% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Barnstone Art for Kids sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within PA. Charities of a similar size with the same main cause include Save the Pt Boat Inc ($219k), Sleepy Hollow Performing Artists Inc ($219k) and Nameless Sound ($219k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $90k (41% of expenses). Other salaries and wages came to $30k. At year end it held assets of $71k against liabilities of $1,552, net assets of $70k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.