Arts Foundation of Cape Cod

Analysis

Arts Foundation of Cape Cod is a registered charity in United States, based in Hyannis, MA. It received its IRS tax-exemption ruling in January 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Arts Foundation of Cape Cod reported income of $865k and spending of $784k, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $924k to $865k (-6.4%), an average of -1.6% a year. The sharpest change came in the year to September 2020, when income dropped by 28%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts Foundation of Cape Cod sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include Slamdance Group ($865k), Jacob Jonas the Company Inc ($865k) and Johnstown Area Heritage Association ($864k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 59% and program service revenue 1.2% of the total. Other salaries and wages came to $334k. At year end it held assets of $1.1m against liabilities of $271k, net assets of $849k. It reported 6 employees.