Rockport Art Association

Analysis

Rockport Art Association is a registered charity in United States, based in Rockport, MA. It received its IRS tax-exemption ruling in December 1957, 69 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, Rockport Art Association reported income of $692k and spending of $546k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $401k to $692k (+73%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 66%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rockport Art Association 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 Springville Museum of Art ($692k), Irish Georgian Society Inc ($692k) and United Country Western Dance Council ($692k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 5.6% of the total. Other salaries and wages came to $252k. At year end it held assets of $1.3m against liabilities of $33k, net assets of $1.3m. It reported 10 employees.