Bronx Arts Ensemble Inc

Analysis

Bronx Arts Ensemble Inc is a registered charity in United States, based in Bronx, NY. 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 August 2023, Bronx Arts Ensemble Inc reported income of $1.7m and spending of $1.7m, spending 101% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.7m to $1.7m (-3.7%), an average of -1.0% a year. The sharpest change came in the year to August 2022, when income rose by 44%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bronx Arts Ensemble Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Sidewalk Film Center and Cinema Inc ($1.7m), Cultural Alliance of York County ($1.7m) and New Century Chamber Orchestra ($1.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 44% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $71k (4.2% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $2.4m against liabilities of $61k, net assets of $2.3m. It reported 105 employees.