Williamstown Art Conservation Center Inc

Analysis

Williamstown Art Conservation Center Inc is a registered charity in United States, based in Williamstown, MA. It received its IRS tax-exemption ruling in April 1978, 48 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, Williamstown Art Conservation Center Inc reported income of $2.5m and spending of $2.7m, spending 107% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.0m to $2.5m (+24%), an average of +7.5% a year. The sharpest change came in the year to June 2021, when income rose by 64%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Williamstown Art Conservation Center Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include A Long Walk Home ($2.5m), National Juneteenth Museum ($2.5m) and Baltimore Museum of Industry ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.2% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $224k (8.3% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $8.0m against liabilities of $3.4m, net assets of $4.6m. It reported 25 employees.