Bronxartspace

Analysis

Bronxartspace is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in May 2019, 7 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, Bronxartspace reported income of $88k and spending of $94k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $98k to $88k (-9.3%), an average of -9.3% a year. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bronxartspace sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within NY. Charities of a similar size with the same main cause include American String Teachers Association Incorporated ($88k), Parson John Living Histroy Inc ($88k) and Roanoke Symphony Foundation 708 Dominion Bank Building ($88k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $14k against liabilities of $606, net assets of $14k.