Bams Fest Inc

Analysis

Bams Fest Inc is a registered charity in United States, based in Dorchester, MA. It received its IRS tax-exemption ruling in December 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 (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, Bams Fest Inc reported income of $875k and spending of $960k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $201k to $875k (+335%), an average of +44% a year. The sharpest change came in the year to December 2020, when income rose by 83%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bams Fest Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include American Saltwater Guides Association Inc ($875k), Charlotte Film Society ($875k) and Voices for Alabamas Children ($875k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $335k (35% of expenses). At year end it held assets of $306k against liabilities of $0, net assets of $306k.