Basin Arts

Analysis

Basin Arts is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in October 2018, 8 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, Basin Arts reported income of $193k and spending of $192k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $155k to $193k (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Basin Arts sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within LA. Charities of a similar size with the same main cause include The German School of Atlanta Inc ($193k), Higginson 1908 Foundation Inc ($193k) and Out on a Limb Dance Company ($193k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $3,000 (1.6% of expenses). Other salaries and wages came to $30k. At year end it held assets of $69k against liabilities of $9,799, net assets of $59k. It reported 2 employees.