Cape Cod Museum of Art Inc

Analysis

Cape Cod Museum of Art Inc is a registered charity in United States, based in Dennis, MA. It received its IRS tax-exemption ruling in June 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cape Cod Museum of Art Inc reported income of $944k and spending of $828k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $560k to $944k (+69%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 376%. Over the whole period it spent 57% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cape Cod Museum of Art 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 79th percentile, and in the 78th percentile within MA. Charities of a similar size with the same main cause include Bethany Arts Community Inc ($943k), Whiting Entertainment Center Inc ($945k) and Muncie Childrens Museum Inc ($943k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 20% of the total. Other salaries and wages came to $378k. At year end it held assets of $3.8m against liabilities of $91k, net assets of $3.7m. It reported 10 employees.