Annisquam Association Inc

Analysis

Annisquam Association Inc is a registered charity in United States, based in Gloucester, MA. It received its IRS tax-exemption ruling in February 1922, 104 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 June 2023, Annisquam Association Inc reported income of $408k and spending of $178k, leaving 56% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $93k to $408k (+340%), an average of +64% a year. The sharpest change came in the year to June 2022, when income rose by 201%. Over the whole period it spent 45% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Annisquam Association Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within MA. Charities of a similar size with the same main cause include Claremont Lewis Museum of Art ($408k), Corrim Consortium for Research on Renewable Industrial Materials ($408k) and Charles Adams Studio Project ($408k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 8.0% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.