Cabot Performing Arts Center Inc

Analysis

Cabot Performing Arts Center Inc is a registered charity in United States, based in Beverly, 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 (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 2024, Cabot Performing Arts Center Inc reported income of $8.2m and spending of $7.9m, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $4.5m to $8.2m (+84%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 44%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cabot Performing Arts Center Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Olelo Community Television ($8.2m), San Francisco Ballet Endowment Foundation ($8.2m) and Ccat Observatory Inc ($8.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 26% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $568k (7.2% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $11.0m against liabilities of $2.4m, net assets of $8.6m. It reported 81 employees.