North Shore Arts Association of Gloucester Inc

Analysis

North Shore Arts Association of Gloucester Inc is a registered charity in United States, based in Gloucester, MA. It received its IRS tax-exemption ruling in March 1971, 55 years ago. 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, North Shore Arts Association of Gloucester Inc reported income of $255k and spending of $390k, spending 153% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $277k to $255k (-7.8%), an average of -2.0% a year. The sharpest change came in the year to December 2021, when income rose by 87%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Shore Arts Association of Gloucester Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within MA. Charities of a similar size with the same main cause include House of Heroes ($255k), Road Runners Club of America ($255k) and Rochester Community Youth Basketball Association Inc ($255k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% of the total. Other salaries and wages came to $136k. At year end it held assets of $797k against liabilities of $7,972, net assets of $789k. It reported 4 employees.