Center for Arts in Natick

Analysis

Center for Arts in Natick is a registered charity in United States, based in Natick, MA. It received its IRS tax-exemption ruling in February 1998, 28 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, Center for Arts in Natick reported income of $2.1m and spending of $1.7m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.1m (+28%), an average of +6.5% a year. The sharpest change came in the year to December 2021, when income rose by 108%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Center for Arts in Natick sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Ubw Inc ($2.1m), Palace of Fine Arts League Inc ($2.1m) and Rockport Art Association Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 51% of the total. Other salaries and wages came to $487k. At year end it held assets of $3.3m against liabilities of $145k, net assets of $3.1m. It reported 12 employees.