Framingham Public Access Corporation

Analysis

Framingham Public Access Corporation is a registered charity in United States, based in Framingham, MA. It received its IRS tax-exemption ruling in August 2007, 19 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 December 2023, Framingham Public Access Corporation reported income of $732k and spending of $701k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $752k to $732k (-2.7%), an average of -0.7% a year. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Framingham Public Access Corporation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include American Turkish Friendship Association ($732k), Denyce Graves Foundation Inc ($732k) and Studio Two Three ($732k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $89k (13% of expenses). Other salaries and wages came to $269k. At year end it held assets of $1.9m against liabilities of $100k, net assets of $1.8m. It reported 18 employees.