Black Artists & Designers Guild Inc

Analysis

Black Artists & Designers Guild Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 2020, 6 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, Black Artists & Designers Guild Inc reported income of $375k and spending of $404k, spending 108% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $463k to $375k (-19%), an average of -6.7% a year. The sharpest change came in the year to December 2022, when income dropped by 54%. 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, Black Artists & Designers Guild Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Foluke Cultural Arts Center Inc ($375k), Oregon International Ballet Academy ($375k) and Sheldon Art Museum Archaeological and Historical Society ($375k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $48k (12% of expenses). At year end it held assets of $116k against liabilities of $23k, net assets of $93k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.