Creative Arts Center in Chatham Inc

Analysis

Creative Arts Center in Chatham Inc is a registered charity in United States, based in Chatham, MA. It received its IRS tax-exemption ruling in May 1975, 51 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, Creative Arts Center in Chatham Inc reported income of $432k and spending of $406k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $368k to $432k (+17%), an average of +4.1% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Creative Arts Center in Chatham Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within MA. Charities of a similar size with the same main cause include Calusa Nature Center & Planetarium Inc ($432k), Circle X Theatre Co ($432k) and National Independent Venue Foundation ($432k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 47% of the total. Other salaries and wages came to $174k. At year end it held assets of $684k against liabilities of $29k, net assets of $655k. It reported 3 employees.