Bainbridge Performing Arts

Analysis

Bainbridge Performing Arts is a registered charity in United States, based in Bainbridge Is, WA. It received its IRS tax-exemption ruling in April 1960, 66 years ago. 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 August 2023, Bainbridge Performing Arts reported income of $3.9m and spending of $945k, leaving 76% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.4m to $3.9m (+59%), an average of +12% a year. The sharpest change came in the year to August 2021, when income rose by 166%. Over the whole period it spent 20% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bainbridge Performing Arts sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within WA. Charities of a similar size with the same main cause include Notre Dame Village ($3.9m), Sweet Owen Industries Arc Inc ($3.9m) and Eastern Carolina Workforce Development Board Inc ($3.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 81% and program service revenue 7.0% of the total. Compensation of current officers, directors and key employees was $72k (7.6% of expenses). Other salaries and wages came to $382k. At year end it held assets of $18.0m against liabilities of $7,679, net assets of $18.0m. It reported 7 employees.