Beaufort Art Association

Analysis

Beaufort Art Association is a registered charity in United States, based in Beaufort, SC. It received its IRS tax-exemption ruling in January 1976, 50 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Beaufort Art Association reported income of $195k and spending of $185k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $185k to $195k (+5.5%), an average of +5.5% a year. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Beaufort Art Association sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 59th percentile within SC. Charities of a similar size with the same main cause include Bandit Theater ($195k), Girls Rock Campaign Boston ($195k) and Christian Youth Theater Austin ($195k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.6% and program service revenue 89% of the total. At year end it held assets of $57k against liabilities of $17k, net assets of $40k.