National Black Arts Festival Inc

Analysis

National Black Arts Festival Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in July 1987, 39 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, National Black Arts Festival Inc reported income of $1.2m and spending of $1.5m, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $1.2m (-15%), an average of -3.9% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Black Arts Festival Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within GA. Charities of a similar size with the same main cause include Society of the Educational Arts Inc ($1.2m), Bone Creek Art Museum ($1.2m) and National Space Club and Foundation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% of the total. Compensation of current officers, directors and key employees was $160k (10% of expenses). Other salaries and wages came to $330k. At year end it held assets of $826k against liabilities of $71k, net assets of $756k. It reported 9 employees.