Arts Boston Inc

Analysis

Arts Boston Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in April 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Arts Boston Inc reported income of $901k and spending of $1.2m, spending 134% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.6m to $901k (-42%), an average of -13% a year. The sharpest change came in the year to August 2022, when income rose by 87%. Over the whole period it spent 118% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts Boston Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MA. Charities of a similar size with the same main cause include World of Wonders Science Museum Inc ($901k), Midwest Museum of American Art Foundation ($901k) and Turlock Community Theatre Inc ($900k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $167k (14% of expenses). Other salaries and wages came to $320k. At year end it held assets of $647k against liabilities of $629k, net assets of $18k. It reported 7 employees.