Bmore Artists Guild Inc

Analysis

Bmore Artists Guild Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in November 2013, 13 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 June 2023, Bmore Artists Guild Inc reported income of $473k and spending of $319k, leaving 32% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $252k to $473k (+87%), an average of +37% a year. The sharpest change came in the year to June 2022, when income rose by 329%. Over the whole period it spent 49% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bmore Artists Guild Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within MD. Charities of a similar size with the same main cause include Empire State Aerosciences Museum ($473k), Prescott Circus Theatre ($473k) and Apples and Oranges Art Inc ($472k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $64k (20% of expenses). Other salaries and wages came to $17k. At year end it held assets of $1.2m against liabilities of $45k, net assets of $1.2m. It reported 5 employees.