Cambridge Art Association

Analysis

Cambridge Art Association is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in March 1964, 62 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 June 2023, Cambridge Art Association reported income of $232k and spending of $281k, spending 121% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $286k to $232k (-19%), an average of -6.7% a year. The sharpest change came in the year to June 2021, when income rose by 83%. 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, Cambridge Art Association sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within MA. Charities of a similar size with the same main cause include Familia Communications Group Inc ($232k), Blacksburg Childrens Museum ($232k) and Ohana Arts Inc ($232k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $83k (29% of expenses). Other salaries and wages came to $50k. At year end it held assets of $1.3m against liabilities of $33k, net assets of $1.3m. It reported 3 employees.