Bower Center for the Arts

Analysis

Bower Center for the Arts is a registered charity in United States, based in Bedford, VA. It received its IRS tax-exemption ruling in May 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bower Center for the Arts reported income of $248k and spending of $272k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $156k to $248k (+59%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bower Center for the Arts sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within VA. Charities of a similar size with the same main cause include Steinway Society of Central Floridainc ($248k), Harvest Time Ministries U S a ($248k) and Western Wind Vocal Ensemble Inc ($248k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $64k (23% of expenses). Other salaries and wages came to $43k. At year end it held assets of $378k against liabilities of $28k, net assets of $350k. It reported 11 employees.