Bellefonte Art Museum for Centre County

Analysis

Bellefonte Art Museum for Centre County is a registered charity in United States, based in Bellefonte, PA. It received its IRS tax-exemption ruling in August 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, Bellefonte Art Museum for Centre County reported income of $165k and spending of $245k, spending 148% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $113k to $165k (+46%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 56%. 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, Bellefonte Art Museum for Centre County sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within PA. Charities of a similar size with the same main cause include St Patrick Foundation ($165k), Artistic Civic Theatre Company ($165k) and Friends of the Farris Inc ($165k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. It paid $15k in professional fundraising fees. At year end it held assets of $266k against liabilities of $2,649, net assets of $263k. It reported 5 employees.