Cooperstown Art Association

Analysis

Cooperstown Art Association is a registered charity in United States, based in Cooperstown, NY. It received its IRS tax-exemption ruling in May 1957, 69 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 December 2023, Cooperstown Art Association reported income of $211k and spending of $260k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $191k to $211k (+10%), an average of +2.5% a year. The sharpest change came in the year to December 2020, when income rose by 23%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cooperstown Art Association sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Health World Education Ltd ($211k), Artspace Century Endowment Fund Inc ($211k) and Laura Riding Jackson Foundation Inc ($211k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $62k (24% of expenses). Other salaries and wages came to $83k. At year end it held assets of $1.2m against liabilities of $79k, net assets of $1.2m. It reported 5 employees.