Cultural Agent Inc

Analysis

Cultural Agent Inc is a registered charity in United States, based in East Boston, MA. It received its IRS tax-exemption ruling in November 2016, 10 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 December 2023, Cultural Agent Inc reported income of $331k and spending of $230k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $281k to $331k (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2023, when income rose by 689%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cultural Agent Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within MA. Charities of a similar size with the same main cause include Dixie Center for the Arts ($331k), Vuhaus Corp ($331k) and Florida Association for Media in Education Inc ($331k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $40k (17% of expenses). At year end it held assets of $285k against liabilities of $0, net assets of $285k.