Monica Bill Barnes & Company

Analysis

Monica Bill Barnes & Company is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 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, Monica Bill Barnes & Company reported income of $506k and spending of $471k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $444k to $506k (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Monica Bill Barnes & Company sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Red Hook Art Project Inc ($506k), Al-Bustan Seeds of Culture ($507k) and New York City Fire Museum ($506k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $100k (21% of expenses). Other salaries and wages came to $138k. At year end it held assets of $449k against liabilities of $14k, net assets of $435k. It reported 3 employees.