Gems at the Arts- Arts Enrichment Community Inc

Analysis

Gems at the Arts- Arts Enrichment Community Inc is a registered charity in United States, based in Framingham, MA. It received its IRS tax-exemption ruling in October 2004, 22 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 August 2023, Gems at the Arts- Arts Enrichment Community Inc reported income of $247k and spending of $398k, spending 161% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $280k to $247k (-12%), an average of -3.1% a year. The sharpest change came in the year to August 2023, when income rose by 23%. Over the whole period it spent 118% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gems at the Arts- Arts Enrichment Community Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within MA. Charities of a similar size with the same main cause include International Pediatric Simulation Society ($247k), California Dance Ensemble ($247k) and Artillery Ocs Alumni Chapter Inc ($247k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Other salaries and wages came to $172k. At year end it held assets of $493k against liabilities of $581k, net assets of -$88k. It reported 4 employees.