Barrier Island Group for the Arts

Analysis

Barrier Island Group for the Arts is a registered charity in United States, based in Sanibel, FL. It received its IRS tax-exemption ruling in January 1981, 45 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 June 2024, Barrier Island Group for the Arts reported income of $2.7m and spending of $2.8m, spending 106% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $7.8m to $2.7m (-66%), an average of -19% a year. The sharpest change came in the year to June 2020, when income dropped by 43%. Over the whole period it spent 54% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Barrier Island Group for the Arts sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Wayne Art Center ($2.7m), San Francisco Chanticleer Inc ($2.7m) and Native American Finance Officers Association Inc ($2.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 50% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $126k (4.5% of expenses). Other salaries and wages came to $728k. At year end it held assets of $9.7m against liabilities of $328k, net assets of $9.3m. It reported 21 employees.