Gloucester Meetinghouse Foundation

Analysis

Gloucester Meetinghouse Foundation is a registered charity in United States, based in Gloucester, MA. It received its IRS tax-exemption ruling in September 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 (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, Gloucester Meetinghouse Foundation reported income of $78k and spending of $102k, spending 132% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $296k to $78k (-74%), an average of -49% a year. The sharpest change came in the year to December 2023, when income dropped by 69%. Over the whole period it spent 51% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gloucester Meetinghouse Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 38th percentile within MA. Charities of a similar size with the same main cause include Davis Community Chorale Inc ($78k), French World Ministries Inc ($78k) and Center for Enviromental Structure ($78k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 69% of the total. At year end it held assets of $437k against liabilities of $55k, net assets of $383k.