Jamestown Arts Center

Analysis

Jamestown Arts Center is a registered charity in United States, based in Jamestown, RI. It received its IRS tax-exemption ruling in June 2009, 17 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, Jamestown Arts Center reported income of $581k and spending of $712k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $467k to $581k (+24%), an average of +5.6% a year. The sharpest change came in the year to December 2022, when income rose by 38%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Jamestown Arts Center sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 69th percentile within RI. Charities of a similar size with the same main cause include Dream Dare to Revitalize Education Thru Arts & Mediation Inc ($581k), Chinatown Community Land Trust Inc ($581k) and Burlington Cable Access Television Inc ($581k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $72k (10% of expenses). Other salaries and wages came to $302k. At year end it held assets of $1.1m against liabilities of $116k, net assets of $990k. It reported 16 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.