Cambridge Multicultural Arts Center

Analysis

Cambridge Multicultural Arts Center is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in September 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 (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, Cambridge Multicultural Arts Center reported income of $667k and spending of $560k, spending 84% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $381k to $667k (+75%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cambridge Multicultural Arts Center sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MA. Charities of a similar size with the same main cause include Sustainable Journalism Foundation ($667k), Army Engineer Association Inc ($667k) and New York City AIDS Memorial Inc ($667k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 60% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $92k (16% of expenses). Other salaries and wages came to $134k. At year end it held assets of $3.2m against liabilities of $2.9m, net assets of $288k. It reported 10 employees.