Community Art Center Inc

Analysis

Community Art Center Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in August 1972, 54 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Community Art Center Inc reported income of $2.0m and spending of $1.5m, leaving 24% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.4m to $2.0m (+38%), an average of +6.6% a year. The sharpest change came in the year to June 2021, when income rose by 56%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community Art Center Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Youth and Family Link ($2.0m), Foundation for the Challenged ($2.0m) and Longwood Research Institute Inc ($2.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 52% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $124k (8.2% of expenses). Other salaries and wages came to $734k. At year end it held assets of $3.2m against liabilities of $958k, net assets of $2.2m. It reported 34 employees.