Almanack Arts Colony Inc

Analysis

Almanack Arts Colony Inc is a registered charity in United States, based in Nantucket, MA. It received its IRS tax-exemption ruling in February 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, Almanack Arts Colony Inc reported income of $170k and spending of $147k, spending 87% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $244k to $170k (-30%), an average of -17% a year. The sharpest change came in the year to December 2022, when income dropped by 36%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Almanack Arts Colony Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within MA. Charities of a similar size with the same main cause include San Antonio Community Resource Directory ($170k), Lumberyard Arts Center Inc ($170k) and Historic Windsor Inc ($170k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 53% of the total. At year end it held assets of $24k against liabilities of $75k, net assets of -$51k.