Baldwin for the Arts Inc

Analysis

Baldwin for the Arts Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 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 (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, Baldwin for the Arts Inc reported income of $1.2m and spending of $858k, leaving 30% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income grew from $224k to $1.2m (+447%), an average of +134% a year. The sharpest change came in the year to December 2022, when income rose by 491%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Baldwin for the Arts Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Historic Homestake Opera House Society ($1.2m), Economic Hardship Reporting Project ($1.2m) and National Conference of State Historic Preservation Officers ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $63k. At year end it held assets of $1.5m against liabilities of $716k, net assets of $776k. It reported 2 employees.