Jonah Bokaer Arts Foundation Inc

Analysis

Jonah Bokaer Arts Foundation Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 2007, 19 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, Jonah Bokaer Arts Foundation Inc reported income of $834k and spending of $966k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $834k (-34%), an average of -9.7% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Jonah Bokaer Arts Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Zanesville Museum of Art ($834k), Theatre Jacksonville Inc ($834k) and Lake Chelan Museum of Wildlife Natural History and Art ($834k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 9.0% of the total. Compensation of current officers, directors and key employees was $30k (3.1% of expenses). Other salaries and wages came to $27k. At year end it held assets of $563k against liabilities of $327k, net assets of $236k. It reported 2 employees.