Stoneham Community Access Inc

Analysis

Stoneham Community Access Inc is a registered charity in United States, based in Stoneham, MA. It received its IRS tax-exemption ruling in January 2005, 21 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, Stoneham Community Access Inc reported income of $612k and spending of $584k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $551k to $612k (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Stoneham Community Access Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Minnesota Beethoven Festival ($612k), African American Resources Cultural and Heritage Society ($612k) and Bedford Historical Society ($612k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.8% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $121k (21% of expenses). Other salaries and wages came to $123k. At year end it held assets of $1.6m against liabilities of $378k, net assets of $1.2m. It reported 5 employees.