Bare Hands Gallery Inc
Bare Hands Gallery Inc. shows consistent growth and strong financial stability with no officer compensation.
EIN: 201162009 · Birmingham, AL · NTEE: A26 · Updated: 2026-03-28
Is Bare Hands Gallery Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bare Hands Gallery Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bare Hands Gallery Inc
Bare Hands Gallery Inc (EIN: 201162009) is a nonprofit organization based in Birmingham, AL, classified under NTEE code A26. The organization reported total revenue of $412K and total assets of $241K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bare Hands Gallery Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bare Hands Gallery Inc is a small nonprofit that has been operating for 4 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 18.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $339K |
| Total Expenses | $344K |
| Surplus / Deficit | $-5,156 |
| Total Assets | $192K |
| Net Assets | $192K |
| Operating Margin | -1.5% |
| Months of Reserves | 6.7 months |
Financial Health Grade: B
In 2023, Bare Hands Gallery Inc reported a deficit of $5K with expenses exceeding revenue, holds 6.7 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Bare Hands Gallery Inc's revenue has grown at a compound annual growth rate (CAGR) of 18.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +47.6% | +48.3% | +0.5% |
| 2022 | +47.8% | +82.4% | -8.3% |
| 2021 | +119.1% | +23.7% | +15.7% |
| 2020 | -69.1% | -48.1% | -15.0% |
| 2019 | +5.8% | +36.4% | +17.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bare Hands Gallery Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Bare Hands Gallery Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly efficient for a nonprofit of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Bare Hands Gallery Inc:
- Zero officer compensation, indicating high efficiency and volunteer leadership.
- Consistent growth in revenue over the past decade, from $55,513 in 2015 to $338,927 in 2023.
- No reported liabilities across all 13 filings, demonstrating strong financial management and stability.
- Healthy asset base relative to its revenue, with $191,856 in assets in 2023.
- Consistent IRS 990 filing history, indicating good transparency.
Frequently Asked Questions about Bare Hands Gallery Inc
Is Bare Hands Gallery Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bare Hands Gallery Inc (EIN: 201162009) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Bare Hands Gallery Inc spend its money?
Bare Hands Gallery Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bare Hands Gallery Inc tax-deductible?
Bare Hands Gallery Inc is registered as a tax-exempt nonprofit (EIN: 201162009). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Bare Hands Gallery Inc. a good charity?
Based on the provided financial data, Bare Hands Gallery Inc. appears to be a good charity. It demonstrates strong financial stability with no liabilities, consistent growth in revenue, and a highly efficient operational model with 0% officer compensation.
How has the organization's revenue trended over time?
Bare Hands Gallery Inc. has shown significant revenue growth, increasing from $55,513 in 2015 to $338,927 in 2023, indicating increasing support and operational scale.
Does Bare Hands Gallery Inc. have any debt?
No, the organization has consistently reported $0 in liabilities across all available IRS 990 filings, indicating a debt-free status.
What is the financial health of Bare Hands Gallery Inc.?
The organization's financial health is strong, characterized by growing assets ($191,856 in 2023), no liabilities, and a history of managing expenses effectively, even with occasional minor operational deficits.
Filing History
IRS 990 filing history for Bare Hands Gallery Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bare Hands Gallery Inc's revenue has grown by 689.3%, moving from $43K to $339K. Total assets increased by 1862.7% over the same period, from $10K to $192K. Total functional expenses rose by 634.6%, from $47K to $344K. In its most recent filing year (2023), Bare Hands Gallery Inc reported a deficit of $5K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $339K | $344K | $192K | $0 | — | — |
| 2022 | $230K | $232K | $191K | $0 | — | View 990 |
| 2021 | $155K | $127K | $208K | $0 | — | View 990 |
| 2020 | $71K | $103K | $180K | $0 | — | — |
| 2019 | $229K | $198K | $212K | $0 | — | — |
| 2018 | $217K | $145K | $180K | $0 | — | — |
| 2017 | $138K | $88K | $109K | $0 | — | View 990 |
| 2016 | $74K | $17K | $58K | $0 | — | View 990 |
| 2015 | $56K | $60K | $2K | $0 | — | View 990 |
| 2014 | $67K | $64K | $6K | $0 | — | View 990 |
| 2013 | $54K | $55K | $4K | $0 | — | View 990 |
| 2012 | $57K | $63K | $4K | $0 | — | View 990 |
| 2011 | $43K | $47K | $10K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $339K, expenses of $344K, and assets of $192K (revenue +47.6% year-over-year).
- 2022: Revenue of $230K, expenses of $232K, and assets of $191K (revenue +47.8% year-over-year).
- 2021: Revenue of $155K, expenses of $127K, and assets of $208K (revenue +119.1% year-over-year).
- 2020: Revenue of $71K, expenses of $103K, and assets of $180K (revenue -69.1% year-over-year).
- 2019: Revenue of $229K, expenses of $198K, and assets of $212K (revenue +5.8% year-over-year).
- 2018: Revenue of $217K, expenses of $145K, and assets of $180K (revenue +56.7% year-over-year).
- 2017: Revenue of $138K, expenses of $88K, and assets of $109K (revenue +88.0% year-over-year).
- 2016: Revenue of $74K, expenses of $17K, and assets of $58K (revenue +32.7% year-over-year).
- 2015: Revenue of $56K, expenses of $60K, and assets of $2K (revenue -17.0% year-over-year).
- 2014: Revenue of $67K, expenses of $64K, and assets of $6K (revenue +22.7% year-over-year).
- 2013: Revenue of $54K, expenses of $55K, and assets of $4K (revenue -4.8% year-over-year).
- 2012: Revenue of $57K, expenses of $63K, and assets of $4K (revenue +33.3% year-over-year).
- 2011: Revenue of $43K, expenses of $47K, and assets of $10K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bare Hands Gallery Inc:
Data Sources and Methodology
This transparency report for Bare Hands Gallery Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.