James Arnold Mansion Inc

Analysis

James Arnold Mansion Inc is a registered charity in United States, based in New Bedford, MA. It received its IRS tax-exemption ruling in June 2017, 9 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 December 2023, James Arnold Mansion Inc reported income of $438k and spending of $146k, leaving 67% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $192k to $438k (+128%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 118%. Over the whole period it spent 54% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, James Arnold Mansion Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within MA. Charities of a similar size with the same main cause include West Michigan Home School Fine Arts Association Inc ($438k), West Virginia Alliance of Recovery Residences ($438k) and Riverartsfest ($438k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $735k against liabilities of $150k, net assets of $586k.