Barn Arts Center for the Arts Company

Analysis

Barn Arts Center for the Arts Company is a registered charity in United States, based in Barnard, VT. It received its IRS tax-exemption ruling in April 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, Barn Arts Center for the Arts Company reported income of $283k and spending of $298k, spending 105% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $230k to $283k (+23%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Barn Arts Center for the Arts Company sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 53rd percentile within VT. Charities of a similar size with the same main cause include Hmong Southeast Puav Pheej Inc ($283k), Lima Company Memorial ($284k) and McCord House NFP ($283k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $69k (23% of expenses). Other salaries and wages came to $56k. At year end it held assets of $42k against liabilities of $3,991, net assets of $38k. It reported 5 employees.