Professional Arts Consortium Inc

Analysis

Professional Arts Consortium Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in March 1985, 41 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 June 2024, Professional Arts Consortium Inc reported income of $116k and spending of $106k, spending 92% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $95k to $116k (+22%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Professional Arts Consortium Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 47th percentile within MA. Charities of a similar size with the same main cause include Wiseblood Books Inc ($116k), Wilkinson Community Event Center ($116k) and Our Genetic Legacy Inc ($116k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 98% of the total. At year end it held assets of $162k against liabilities of $51k, net assets of $111k.