Gloucester Stage Co Inc

Analysis

Gloucester Stage Co Inc is a registered charity in United States, based in Gloucester, MA. It received its IRS tax-exemption ruling in July 1973, 53 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, Gloucester Stage Co Inc reported income of $978k and spending of $1.1m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $922k to $978k (+6.1%), an average of +1.5% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gloucester Stage Co Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MA. Charities of a similar size with the same main cause include Nebraska Housing Resource Inc ($978k), Epoch Media Bay Area ($978k) and Girls Rock SB ($978k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $120k (11% of expenses). Other salaries and wages came to $316k. It paid $12k in professional fundraising fees. At year end it held assets of $1.1m against liabilities of $832k, net assets of $282k. It reported 33 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.