Milton Art Center Inc

Analysis

Milton Art Center Inc is a registered charity in United States, based in Milton, MA. It received its IRS tax-exemption ruling in May 2013, 13 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 (gross receipts test) under section 501(c)(3).

In the financial year ending December 2023, Milton Art Center Inc reported income of $310k and spending of $296k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $221k to $310k (+40%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Milton Art Center Inc 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 62nd percentile, and in the 64th percentile within MA. Charities of a similar size with the same main cause include Ohio Air & Space Hall of Fame & Museum Inc ($310k), Theatre with a Twist Inc ($310k) and Center for Applied Space Technologyincorporated ($310k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $107k (36% of expenses). At year end it held assets of $86k against liabilities of $162, net assets of $86k. It reported 9 employees.