Artsworcester

Analysis

Artsworcester is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in May 1987, 39 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, Artsworcester reported income of $541k and spending of $471k, spending 87% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $676k to $541k (-20%), an average of -4.4% a year. The sharpest change came in the year to June 2024, when income rose by 40%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Artsworcester sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within MA. Charities of a similar size with the same main cause include Thrasher Opera House Corporation ($540k), Sebastopol Community Cultural Center ($541k) and Downtown Aurora Visual Arts ($540k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 84% and program service revenue 11% of the total. Other salaries and wages came to $229k. At year end it held assets of $1.9m against liabilities of $217k, net assets of $1.7m. It reported 8 employees.