Featherstone Center for the Arts Inc

Analysis

Featherstone Center for the Arts Inc is a registered charity in United States, based in Oak Bluffs, MA. It received its IRS tax-exemption ruling in June 1983, 43 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 December 2023, Featherstone Center for the Arts Inc reported income of $2.0m and spending of $1.2m, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $778k to $2.0m (+162%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 114%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Featherstone Center for the Arts Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Inter District Committee for Project Oceanology ($2.0m), Newton Arts Center Inc ($2.0m) and Missions 3 16 ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $153k (13% of expenses). Other salaries and wages came to $378k. At year end it held assets of $5.9m against liabilities of $70k, net assets of $5.8m. It reported 22 employees.