Project Gurnet & Bug Lights Inc

Analysis

Project Gurnet & Bug Lights Inc is a registered charity in United States, based in Duxbury, MA. It received its IRS tax-exemption ruling in November 1988, 38 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, Project Gurnet & Bug Lights Inc reported income of $86k and spending of $71k, spending 83% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $112k to $86k (-24%), an average of -5.3% a year. The sharpest change came in the year to December 2021, when income rose by 167%. Over the whole period it spent 63% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Project Gurnet & Bug Lights Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 40th percentile within MA. Charities of a similar size with the same main cause include University Drama Group Inc Chapel St Players ($86k), Chamber Music Society of Logan Inc ($86k) and Global Fokus Inc ($85k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 20% of the total. Other salaries and wages came to $4,000. At year end it held assets of $1.0m against liabilities of $8,353, net assets of $993k. It reported 1 employees.