Artspace Community Arts Center

Analysis

Artspace Community Arts Center is a registered charity in United States, based in Greenfield, MA. It received its IRS tax-exemption ruling in August 1974, 52 years ago. 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 2023, Artspace Community Arts Center reported income of $156k and spending of $147k, spending 94% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $139k to $156k (+12%), an average of +12% a year. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Artspace Community Arts Center sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 53rd percentile within MA. Charities of a similar size with the same main cause include Williamsburg Area Memorial ($156k), Lee County Literacy Coalition ($156k) and New England Philharmonic Inc ($156k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 44% of the total. At year end it held assets of $174k against liabilities of $72k, net assets of $103k.