29 Bellevue Avenue Foundation Inc

Analysis

29 Bellevue Avenue Foundation Inc is a registered charity in United States, based in Newport, RI. It received its IRS tax-exemption ruling in May 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, 29 Bellevue Avenue Foundation Inc reported income of $151k and spending of $21k, leaving 86% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $69k to $151k (+121%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 43%. Over the whole period it spent 17% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, 29 Bellevue Avenue Foundation Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 44th percentile within RI. Charities of a similar size with the same main cause include Cherry Creek Theatre Company ($151k), Center for Documentary Expression and Art ($151k) and Lovell Historical Society ($151k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $429k against liabilities of $0, net assets of $429k.