Nantucket Dreamland Foundation

Analysis

Nantucket Dreamland Foundation is a registered charity in United States, based in Nantucket, MA. It received its IRS tax-exemption ruling in August 2008, 18 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 September 2023, Nantucket Dreamland Foundation reported income of $3.4m and spending of $3.8m, spending 111% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.3m to $3.4m (+3.9%), an average of +1.0% a year. The sharpest change came in the year to September 2020, when income dropped by 32%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Nantucket Dreamland Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include B612 Foundation ($3.4m), Citydance Ensemble Inc ($3.4m) and North Carolina Azalea Festival Wilmington Inc ($3.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 48% and program service revenue 40% of the total. Other salaries and wages came to $924k. At year end it held assets of $28.4m against liabilities of $1.0m, net assets of $27.4m.