Bethany Arts Community Inc

Analysis

Bethany Arts Community Inc is a registered charity in United States, based in Ossining, NY. It received its IRS tax-exemption ruling in August 2015, 11 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, Bethany Arts Community Inc reported income of $943k and spending of $1.1m, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $973k to $943k (-3.1%), an average of -0.8% a year. The sharpest change came in the year to December 2020, when income dropped by 65%. Over the whole period it spent 117% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bethany Arts Community Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Muncie Childrens Museum Inc ($943k), Cape Cod Museum of Art Inc ($944k) and GRSP Foundation ($941k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 9.8% of the total. Other salaries and wages came to $308k. It paid $36k in professional fundraising fees. At year end it held assets of $3.7m against liabilities of $18k, net assets of $3.7m. It reported 10 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.