Boston Center for the Arts Inc

Analysis

Boston Center for the Arts Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in December 1970, 56 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, Boston Center for the Arts Inc reported income of $2.8m and spending of $4.6m, spending 166% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $30.0m to $2.8m (-91%), an average of -45% a year. The sharpest change came in the year to June 2020, when income dropped by 92%. 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, Boston Center for the Arts Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Groundworks Art Lab Inc ($2.7m), American Jewish Historical Society ($2.8m) and Vermont Journalism Trust ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $345k (7.5% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $28.0m against liabilities of $1.5m, net assets of $26.5m. It reported 58 employees.