Marblehead Community Access and Media Incorporated

Analysis

Marblehead Community Access and Media Incorporated is a registered charity in United States, based in Marblehead, MA. It received its IRS tax-exemption ruling in June 2010, 16 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 December 2023, Marblehead Community Access and Media Incorporated reported income of $600k and spending of $451k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $390k to $600k (+54%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 83%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Marblehead Community Access and Media Incorporated sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Fox Valley Music Foundation ($599k), Oil Painters of America ($600k) and Associazione Culturale Italiana Di New York Inc ($599k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $2.0m against liabilities of $163k, net assets of $1.8m. It reported 4 employees.