Masscreative Inc

Analysis

Masscreative Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in September 2012, 14 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, Masscreative Inc reported income of $996k and spending of $372k, leaving 63% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $247k to $996k (+304%), an average of +42% a year. The sharpest change came in the year to June 2022, when income rose by 61%. Over the whole period it spent 62% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Masscreative Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MA. Charities of a similar size with the same main cause include Schumacher Center for a New Economics ($996k), Orcas Center ($996k) and Northwest Choirs ($996k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $78k (21% of expenses). Other salaries and wages came to $85k. At year end it held assets of $1.5m against liabilities of $23k, net assets of $1.5m. It reported 4 employees.