Fort Point Arts Community Inc of South Boston

Analysis

Fort Point Arts Community Inc of South Boston is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in January 1981, 45 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, Fort Point Arts Community Inc of South Boston reported income of $510k and spending of $320k, leaving 37% of income unspent that year. Across the 3 years on record, from June 2021 to June 2024, income grew from $320k to $510k (+59%), an average of +26% a year. The sharpest change came in the year to June 2024, when income rose by 236%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fort Point Arts Community Inc of South Boston sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within MA. Charities of a similar size with the same main cause include Ocean Grove Historic Preservation Society ($509k), New Plays Inc ($510k) and Robidoux Resident Theatre Inc ($509k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 63% and program service revenue 37% of the total. Other salaries and wages came to $105k. At year end it held assets of $306k against liabilities of $107k, net assets of $198k.