Dusti Bonge Art Foundation Inc

Analysis

Dusti Bonge Art Foundation Inc is a registered charity in United States, based in Biloxi, MS. It received its IRS tax-exemption ruling in March 1996, 30 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, Dusti Bonge Art Foundation Inc reported income of $329k and spending of $181k, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $388k to $329k (-15%), an average of -4.0% a year. The sharpest change came in the year to December 2021, when income dropped by 112%. Over the whole period it spent 62% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Dusti Bonge Art Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within MS. Charities of a similar size with the same main cause include Oregon Hope Chinese School ($329k), Alabama River Region Ballet School and Youth Company ($329k) and Cloverdale Arts Alliance ($329k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.6% and program service revenue 0.0% of the total. Other salaries and wages came to $62k. At year end it held assets of $5.0m against liabilities of $2,517, net assets of $5.0m. It reported 1 employees.