Belmont Arts Collaborative

Analysis

Belmont Arts Collaborative is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in March 2019, 7 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, Belmont Arts Collaborative reported income of $63k and spending of $62k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $52k to $63k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Belmont Arts Collaborative sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 24th percentile within VA. Charities of a similar size with the same main cause include Louisiana Humanities Foundation ($63k), Putnam General Football Inc ($63k) and Pennridge Music Association ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. At year end it held assets of $61k against liabilities of $48k, net assets of $13k.