Beale Street Caravan Inc

Analysis

Beale Street Caravan Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in May 2001, 25 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 June 2023, Beale Street Caravan Inc reported income of $164k and spending of $176k, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $324k to $164k (-49%), an average of -16% a year. The sharpest change came in the year to June 2022, when income rose by 109%. Over the whole period it spent 121% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Beale Street Caravan Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 50th percentile within TN. Charities of a similar size with the same main cause include 3rd I South Asian Independent Film ($164k), Marin Open Studios ($164k) and Aguijon II Theater Company ($164k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $57k (32% of expenses). Other salaries and wages came to $30k. At year end it held assets of $158k against liabilities of $175k, net assets of -$17k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.