Copley Society of Art

Analysis

Copley Society of Art is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in February 1943, 83 years ago. 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, Copley Society of Art reported income of $441k and spending of $481k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $466k to $441k (-5.3%), an average of -1.4% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Copley Society of Art sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within MA. Charities of a similar size with the same main cause include Government Investment Officers Association ($441k), White County Council on Aging ($441k) and Southeast Iowa Mennonite Camp Association Inc ($441k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 76% of the total. Other salaries and wages came to $167k. At year end it held assets of $481k against liabilities of $104k, net assets of $377k. It reported 9 employees.