Artists Group of Charlestown Inc

Analysis

Artists Group of Charlestown Inc is a registered charity in United States, based in Charlestown, MA. It received its IRS tax-exemption ruling in March 2007, 19 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 September 2024, Artists Group of Charlestown Inc reported income of $67k and spending of $79k, spending 117% of what it took in. Across the 3 years on record, from September 2022 to September 2024, income grew from $58k to $67k (+17%), an average of +7.9% a year. The sharpest change came in the year to September 2023, when income rose by 37%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Artists Group of Charlestown Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 35th percentile within MA. Charities of a similar size with the same main cause include Sierra Nevada Bighorn Sheep Foundation ($67k), The New Deal Creative Arts Center Inc ($67k) and Chapel Hill High Band Booster Club Inc ($67k).

On its Form 990-EZ for the period ending September 2024, revenue came from contributions and grants 18% and program service revenue 75% of the total. At year end it held assets of $19k against liabilities of $1,871, net assets of $17k.