Turnpark Art Space Inc

Analysis

Turnpark Art Space Inc is a registered charity in United States, based in W Stockbridge, MA. It received its IRS tax-exemption ruling in November 2014, 12 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), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Turnpark Art Space Inc reported income of $91k and spending of $251k, spending 275% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $156k to $91k (-42%), an average of -13% a year. The sharpest change came in the year to December 2021, when income rose by 99%. Over the whole period it spent 124% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Turnpark Art Space Inc sits at the 39th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 42nd percentile within MA. Charities of a similar size with the same main cause include Holiday World Music Festival ($91k), Hromovytsia Ukrainian Dance Ensemble ($91k) and Radio Free Palmer ($91k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 35% of the total. Other salaries and wages came to $88k. At year end it held assets of $102k against liabilities of $161k, net assets of -$60k. It reported 9 employees.