Beaufort Arts and Music Inc

Analysis

Beaufort Arts and Music Inc is a registered charity in United States, based in Atlantic BCH, NC. It received its IRS tax-exemption ruling in March 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Beaufort Arts and Music Inc reported income of $334k and spending of $350k, spending 105% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $316k to $334k (+5.7%), an average of +5.7% a year. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Beaufort Arts and Music Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within NC. Charities of a similar size with the same main cause include Museum of the Palestinian People ($334k), Arthouse Studio ($334k) and Rowan Museum Incorporated ($334k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. At year end it held assets of $64k against liabilities of $3,230, net assets of $61k.