Bakehouse Art Complex Inc

Analysis

Bakehouse Art Complex Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in September 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 September 2023, Bakehouse Art Complex Inc reported income of $1.4m and spending of $1.1m, leaving 22% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $682k to $1.4m (+110%), an average of +20% a year. The sharpest change came in the year to September 2021, when income rose by 56%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bakehouse Art Complex Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include Superbloom Design ($1.4m), American Studio ($1.4m) and Alaska Challenger Center for Space Science Technology Incorporated ($1.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 77% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $225k (20% of expenses). Other salaries and wages came to $276k. At year end it held assets of $1.6m against liabilities of $342k, net assets of $1.3m. It reported 8 employees.