20 Summers Inc

Analysis

20 Summers Inc is a registered charity in United States, based in Provincetown, MA. It received its IRS tax-exemption ruling in September 2011, 15 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, 20 Summers Inc reported income of $513k and spending of $378k, leaving 26% of income unspent that year. Across the 3 years on record, from August 2021 to December 2023, income grew from $242k to $513k (+112%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 83%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, 20 Summers Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MA. Charities of a similar size with the same main cause include Prince Georges Cultural Arts Foundation ($513k), Eastern Shore Repertory Theatre ($513k) and Boulder Dance Coalition ($512k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.8% of the total. Compensation of current officers, directors and key employees was $159k (42% of expenses). It paid $42k in professional fundraising fees. At year end it held assets of $309k against liabilities of $87k, net assets of $222k. It reported 2 employees.