Buchanan Arts Inc

Analysis

Buchanan Arts Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in April 2021, 5 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, Buchanan Arts Inc reported income of $168k and spending of $171k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $81k to $168k (+107%), an average of +107% a year. The sharpest change came in the year to December 2023, when income rose by 107%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Buchanan Arts Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within TN. Charities of a similar size with the same main cause include Friends of Rainbow Springs State Park Inc ($168k), Hoo Maa Foundation ($168k) and Arts for Oakland Kids ($168k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. At year end it held assets of $19k against liabilities of $25, net assets of $19k.