Loading Dock Arts Inc

Analysis

Loading Dock Arts Inc is a registered charity in United States, based in Lowell, MA. It received its IRS tax-exemption ruling in April 2015, 11 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, Loading Dock Arts Inc reported income of $96k and spending of $96k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $76k to $96k (+26%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Loading Dock Arts Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 43rd percentile within MA. Charities of a similar size with the same main cause include Washington Blade Foundation ($96k), American Institute of Knowledge Management Inc ($96k) and Kilgore Historical Preservation Foundation ($96k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 9.0% and program service revenue 72% of the total. At year end it held assets of $20k against liabilities of $15k, net assets of $4,986.