The Art Fund of Birmingham Inc

Analysis

The Art Fund of Birmingham Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in April 1979, 47 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Art Fund of Birmingham Inc reported income of $523k and spending of $641k, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $305k to $523k (+72%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 1354%. Over the whole period it spent 42% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Art Fund of Birmingham Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within AL. Charities of a similar size with the same main cause include Lafayette Band Association ($523k), Azteca Economic Development and Preservation Corporation ($523k) and Wfca Radio Inc ($523k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% of the total. At year end it held assets of $9.3m against liabilities of $380k, net assets of $8.9m.