Bakersfield Art Foundation Inc

Analysis

Bakersfield Art Foundation Inc is a registered charity in United States, based in Bakersfield, CA. It received its IRS tax-exemption ruling in December 1986, 40 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 May 2023, Bakersfield Art Foundation Inc reported income of $1.0m and spending of $1.1m, spending 110% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income grew from $887k to $1.0m (+16%), an average of +5.0% a year. The sharpest change came in the year to May 2022, when income rose by 53%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bakersfield Art Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Cavanaugh Flight Museum ($1.0m), Four Freedoms Park Conservancy Inc ($1.0m) and Waterwell Productions Inc ($1.0m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 53% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $114k (10% of expenses). Other salaries and wages came to $548k. At year end it held assets of $2.7m against liabilities of $211k, net assets of $2.5m. It reported 26 employees.