Nantucket Community Service Inc

Analysis

Nantucket Community Service Inc is a registered charity in United States, based in Nantucket, MA. It received its IRS tax-exemption ruling in November 1983, 43 years ago. 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, Nantucket Community Service Inc reported income of $524k and spending of $627k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $579k to $524k (-9.5%), an average of -2.5% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nantucket Community Service Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MA. Charities of a similar size with the same main cause include Mahavaipulya Buddhist Association ($524k), Prescott RHF Housing Inc ($524k) and Rebecca M Arthurs Memorial Library Association ($524k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $96k (15% of expenses). Other salaries and wages came to $19k. At year end it held assets of $1.6m against liabilities of $985k, net assets of $578k. It reported 2 employees.