South Shore Art Center Inc

Analysis

South Shore Art Center Inc is a registered charity in United States, based in Cohasset, MA. It received its IRS tax-exemption ruling in June 1961, 65 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 August 2023, South Shore Art Center Inc reported income of $717k and spending of $819k, spending 114% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $697k to $717k (+2.9%), an average of +0.7% a year. The sharpest change came in the year to August 2022, when income rose by 31%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, South Shore Art Center Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include The Anderson Center for the Arts ($717k), The Peace Studio Inc ($717k) and Mission Local SF ($716k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 48% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $134k (16% of expenses). Other salaries and wages came to $281k. At year end it held assets of $949k against liabilities of $187k, net assets of $762k. It reported 36 employees.