Bunnell Street Arts Center

Analysis

Bunnell Street Arts Center is a registered charity in United States, based in Homer, AK. It received its IRS tax-exemption ruling in August 1995, 31 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bunnell Street Arts Center reported income of $566k and spending of $565k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $410k to $566k (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2020, when income rose by 46%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bunnell Street Arts Center sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 69th percentile within AK. Charities of a similar size with the same main cause include Factory Two Inc ($566k), Kids Discovery Museum ($566k) and Florida Academy of Performing Arts Inc ($566k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $119k (21% of expenses). At year end it held assets of $348k against liabilities of $960, net assets of $347k. It reported 5 employees.