Provincetown Commons

Analysis

Provincetown Commons is a registered charity in United States, based in Provincetown, MA. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Provincetown Commons reported income of $1.1m and spending of $510k, leaving 54% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $550k to $1.1m (+100%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 65% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Provincetown Commons sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MA. Charities of a similar size with the same main cause include Siren-Eaton Shelter Inc ($1.1m), Orion Prevention Information and Education Inc ($1.1m) and Career Nexus ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Other salaries and wages came to $203k. At year end it held assets of $2.8m against liabilities of $696k, net assets of $2.1m. It reported 2 employees.