Rocky Neck Art Colony Inc

Analysis

Rocky Neck Art Colony Inc is a registered charity in United States, based in Gloucester, MA. It received its IRS tax-exemption ruling in February 1999, 27 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 October 2023, Rocky Neck Art Colony Inc reported income of $193k and spending of $189k, spending 98% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $109k to $193k (+77%), an average of +15% a year. The sharpest change came in the year to October 2022, when income rose by 195%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rocky Neck Art Colony Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within MA. Charities of a similar size with the same main cause include The Paul Bunyan Playhouse Inc ($193k), Indie Meme Org ($193k) and Youth Orchestras of Charlotte Inc ($193k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 76% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $48k (25% of expenses). Other salaries and wages came to $18k. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m. It reported 3 employees.