Black Rock Arts Foundation Inc

Analysis

Black Rock Arts Foundation Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 2022, 4 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 Rock Arts Foundation Inc reported income of $2.1m and spending of $1.3m, leaving 39% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.1m to $2.1m (+87%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 117%. Over the whole period it spent 78% 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 Rock Arts Foundation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include San Francisco Performing Arts Center Foundation ($2.1m), Intiman Theatre ($2.1m) and Friends of Southwest Virginia ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $8,281 (0.7% of expenses). Other salaries and wages came to $138k. At year end it held assets of $826k against liabilities of $13k, net assets of $813k.