Revels Inc

Analysis

Revels Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in September 1975, 51 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, Revels Inc reported income of $1.4m and spending of $1.4m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.9m to $1.4m (-28%), an average of -11% a year. The sharpest change came in the year to June 2021, when income dropped by 31%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Revels Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within MA. Charities of a similar size with the same main cause include Dance Kaleidoscope Inc ($1.4m), Newark Sport and Event Commission ($1.4m) and Michigan Maritime Museum Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $120k (8.8% of expenses). Other salaries and wages came to $518k. At year end it held assets of $1.7m against liabilities of $615k, net assets of $1.0m. It reported 49 employees.