Cape Ann Art Haven

Analysis

Cape Ann Art Haven is a registered charity in United States, based in Gloucester, MA. It received its IRS tax-exemption ruling in July 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 January 2023, Cape Ann Art Haven reported income of $315k and spending of $254k, spending 81% of its income. Across the 4 years on record, from January 2020 to January 2023, income grew from $231k to $315k (+36%), an average of +11% a year. The sharpest change came in the year to January 2023, when income rose by 27%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cape Ann Art Haven sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 64th percentile within MA. Charities of a similar size with the same main cause include Friends of Sequoyah ($315k), Endicott Performing Arts Center Inc ($315k) and Whittier Historical Society ($315k).

On its Form 990 for the period ending January 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $57k (23% of expenses). Other salaries and wages came to $80k. At year end it held assets of $205k against liabilities of $0, net assets of $205k. It reported 5 employees.