Brookline Arts Center Inc

Analysis

Brookline Arts Center Inc is a registered charity in United States, based in Brookline, MA. It received its IRS tax-exemption ruling in December 1968, 58 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 August 2023, Brookline Arts Center Inc reported income of $675k and spending of $616k, spending 91% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $593k to $675k (+14%), an average of +3.3% a year. The sharpest change came in the year to August 2022, when income rose by 46%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Brookline Arts Center Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MA. Charities of a similar size with the same main cause include The Park Theatre Inc ($675k), Pennsylvania Society ($675k) and Looking for Lincoln Heritage Coalition ($674k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 22% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $68k (11% of expenses). Other salaries and wages came to $297k. At year end it held assets of $979k against liabilities of $232k, net assets of $747k. It reported 29 employees.