Cotuit Center for the Arts Inc

Analysis

Cotuit Center for the Arts Inc is a registered charity in United States, based in Cotuit, MA. It received its IRS tax-exemption ruling in May 1996, 30 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, Cotuit Center for the Arts Inc reported income of $3.0m and spending of $3.1m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $3.0m (+13%), an average of +3.2% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cotuit Center for the Arts Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MA. Charities of a similar size with the same main cause include Conservation Science Partners Inc ($3.0m), Fort Wayne Public Television Inc ($3.0m) and Mahoning Valley Historical Society ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 43% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $2.7m against liabilities of $1.2m, net assets of $1.5m. It reported 38 employees.