Dorothy and Charles Mosesian Center for the Arts

Analysis

Dorothy and Charles Mosesian Center for the Arts is a registered charity in United States, based in Watertown, MA. It received its IRS tax-exemption ruling in August 1999, 27 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 August 2023, Dorothy and Charles Mosesian Center for the Arts reported income of $1.6m and spending of $1.8m, spending 116% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.5m to $1.6m (+6.6%), an average of +1.6% a year. The sharpest change came in the year to August 2021, when income rose by 61%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Dorothy and Charles Mosesian Center for the Arts 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 Midwest Biodiversity Institute Inc ($1.6m), Theatre Workshop of Nantucket Inc ($1.6m) and History San Jose ($1.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 26% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $175k (9.5% of expenses). Other salaries and wages came to $611k. At year end it held assets of $4.1m against liabilities of $292k, net assets of $3.8m. It reported 31 employees.