Cape Cod Art Association Inc

Analysis

Cape Cod Art Association Inc is a registered charity in United States, based in Barnstable, MA. It received its IRS tax-exemption ruling in December 1949, 77 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, Cape Cod Art Association Inc reported income of $495k and spending of $506k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $421k to $495k (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2021, when income rose by 157%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cape Cod Art Association Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within MA. Charities of a similar size with the same main cause include Community Outreach Service Center Inc ($495k), PTA Texas Congress ($495k) and Covenant Nursery School ($495k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $40k (7.9% of expenses). Other salaries and wages came to $93k. At year end it held assets of $679k against liabilities of $2,007, net assets of $677k. It reported 3 employees.