Gloucester Writers Center Inc

Analysis

Gloucester Writers Center Inc is a registered charity in United States, based in Gloucester, MA. It received its IRS tax-exemption ruling in August 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 March 2024, Gloucester Writers Center Inc reported income of $169k and spending of $170k, spending 101% of its income. Across the 3 years on record, from March 2022 to March 2024, income fell from $197k to $169k (-14%), an average of -7.2% a year. The sharpest change came in the year to March 2024, when income dropped by 20%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gloucester Writers Center Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within MA. Charities of a similar size with the same main cause include Filarmonica Portuguesa de Tulare ($169k), Dorothy Molter Memorial Foundation ($169k) and Deertrees Theatre Limited ($169k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 92% and program service revenue 8.2% of the total. At year end it held assets of $330k against liabilities of $1,142, net assets of $328k.