Cabots Museum Foundation

Analysis

Cabots Museum Foundation is a registered charity in United States, based in DSRT Hot SPGS, CA. It received its IRS tax-exemption ruling in March 2003, 23 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 June 2023, Cabots Museum Foundation reported income of $236k and spending of $207k, spending 88% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $231k to $236k (+2.2%), an average of +0.7% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cabots Museum Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include 316 Ministries ($236k), Litalo American Foundation ($236k) and Friends of the Ocean City Pops Inc ($236k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $68k (33% of expenses). Other salaries and wages came to $62k. At year end it held assets of $262k against liabilities of $12k, net assets of $251k. It reported 11 employees.