Charitable Friends of Digamma Building Inc

Analysis

Charitable Friends of Digamma Building Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in July 2005, 21 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 July 2023, Charitable Friends of Digamma Building Inc reported income of $1.5m and spending of $322k, leaving 79% of income unspent that year. Across the 4 years on record, from July 2020 to July 2023, income grew from $32k to $1.5m (+4517%), an average of +259% a year. The sharpest change came in the year to July 2023, when income rose by 401%. Over the whole period it spent 28% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Charitable Friends of Digamma Building Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include Ingenuity Incorporated Chicago ($1.5m), Historic Ships in Baltimore Inc ($1.5m) and Liederkranz Foundation Inc ($1.5m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 91% and program service revenue 8.8% of the total. At year end it held assets of $2.1m against liabilities of $307k, net assets of $1.8m. It reported 2 employees.