Apple Tree Arts Inc

Analysis

Apple Tree Arts Inc is a registered charity in United States, based in Grafton, MA. It received its IRS tax-exemption ruling in November 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 July 2023, Apple Tree Arts Inc reported income of $556k and spending of $610k, spending 110% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $518k to $556k (+7.4%), an average of +1.8% a year. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Apple Tree Arts Inc sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MA. Charities of a similar size with the same main cause include Participatory Safety Inc ($556k), Old Art Building ($556k) and Childrens Museum of Pooler ($555k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 24% and program service revenue 67% of the total. Other salaries and wages came to $309k. At year end it held assets of $324k against liabilities of $124k, net assets of $200k. It reported 29 employees.