Cultural Alliance of Medfield

Analysis

Cultural Alliance of Medfield is a registered charity in United States, based in Medfield, MA. It received its IRS tax-exemption ruling in June 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 June 2023, Cultural Alliance of Medfield reported income of $4.8m and spending of $966k, leaving 80% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $162k to $4.8m (+2867%), an average of +445% a year. The sharpest change came in the year to June 2022, when income rose by 1099%. Over the whole period it spent 22% 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 Alliance of Medfield sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MA. Charities of a similar size with the same main cause include Memphis Fourth Estate Inc ($4.8m), Washington Performing Arts Society ($4.8m) and Asia Pacific Cultural Center ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 1.2% of the total. Other salaries and wages came to $412k. At year end it held assets of $5.5m against liabilities of $72k, net assets of $5.4m. It reported 6 employees.