Bolivar Peninsula Charities

Analysis

Bolivar Peninsula Charities is a registered charity in United States, based in Crystal Beach, TX. It received its IRS tax-exemption ruling in September 2014, 12 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, Bolivar Peninsula Charities reported income of $241k and spending of $187k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $123k to $241k (+95%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 78%. Over the whole period it spent 57% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bolivar Peninsula Charities sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within TX. Charities of a similar size with the same main cause include William Lewis School of Opera ($241k), Endangered Language Fund Inc ($241k) and SPK Academy of Music Inc ($241k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% of the total. At year end it held assets of $478k against liabilities of $166k, net assets of $312k.