James R Halsey Foundation of the Arts

Analysis

James R Halsey Foundation of the Arts is a registered charity in United States, based in Trenton, NJ. It received its IRS tax-exemption ruling in July 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, James R Halsey Foundation of the Arts reported income of $323k and spending of $406k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $27k to $323k (+1116%), an average of +87% a year. The sharpest change came in the year to December 2021, when income rose by 690%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, James R Halsey Foundation of the Arts 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 63rd percentile, and in the 69th percentile within NJ. Charities of a similar size with the same main cause include Bindlestiff Studio ($323k), John Hope Franklin Center for Reconciliation Inc ($323k) and Master Musicians Festival Inc ($323k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $60k (15% of expenses). Other salaries and wages came to $176k. At year end it held assets of $269k against liabilities of $117k, net assets of $152k. It reported 10 employees.