Bluefield Arts and Revitalization Corporation

Analysis

Bluefield Arts and Revitalization Corporation is a registered charity in United States, based in Bluefield, WV. 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, Bluefield Arts and Revitalization Corporation reported income of $1.4m and spending of $470k, leaving 65% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.8m to $1.4m (-51%), an average of -16% a year. The sharpest change came in the year to December 2023, when income rose by 198%. Over the whole period it spent 35% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bluefield Arts and Revitalization Corporation sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within WV. Charities of a similar size with the same main cause include Pasadena Community Access Corp ($1.4m), Landmark Society of Western New York Inc ($1.4m) and Valley Youth Theatre ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $61k (13% of expenses). Other salaries and wages came to $112k. At year end it held assets of $4.9m against liabilities of $344k, net assets of $4.6m. It reported 17 employees.