Bromo Tower Arts & Entertainment Inc

Analysis

Bromo Tower Arts & Entertainment Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in March 2017, 9 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 2024, Bromo Tower Arts & Entertainment Inc reported income of $62k and spending of $60k, spending 97% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $96k to $62k (-36%), an average of -36% a year. The sharpest change came in the year to June 2024, when income dropped by 36%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bromo Tower Arts & Entertainment Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within MD. Charities of a similar size with the same main cause include House of Korea Inc ($62k), Acton Community Center Inc ($62k) and Fluxus Haus Inc ($62k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $123k against liabilities of $44k, net assets of $79k.