The Cahoon Museum of American Art Inc

Analysis

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

In the financial year ending December 2023, The Cahoon Museum of American Art Inc reported income of $1.7m and spending of $1.3m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $668k to $1.7m (+147%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 54%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Cahoon Museum of American Art Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MA. Charities of a similar size with the same main cause include G a F Society ($1.6m), Berkeley Ballet Theatre Inc ($1.7m) and Parents Television Council Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 9.7% of the total. Other salaries and wages came to $394k. At year end it held assets of $4.8m against liabilities of $747k, net assets of $4.1m. It reported 14 employees.