Falmouth Artists Guild Inc

Analysis

Falmouth Artists Guild Inc is a registered charity in United States, based in Falmouth, MA. It received its IRS tax-exemption ruling in September 1972, 54 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, Falmouth Artists Guild Inc reported income of $847k and spending of $795k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $561k to $847k (+51%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Falmouth Artists Guild Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include Los Angeles Youth Orchestra ($847k), St Louis Dance Theatre ($847k) and Billerica Access Television Inc ($847k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 59% of the total. Other salaries and wages came to $233k. At year end it held assets of $2.8m against liabilities of $66k, net assets of $2.7m. It reported 10 employees.