Massachusetts Design Art & Technology Institute Inc

Analysis

Massachusetts Design Art & Technology Institute Inc is a registered charity in United States, based in New Bedford, MA. It received its IRS tax-exemption ruling in December 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, Massachusetts Design Art & Technology Institute Inc reported income of $341k and spending of $432k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $242k to $341k (+41%), an average of +8.9% a year. The sharpest change came in the year to December 2022, when income rose by 59%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Massachusetts Design Art & Technology Institute Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within MA. Charities of a similar size with the same main cause include North Carolina Theatre Conference ($341k), Teton Arts Council ($341k) and Shreveport Multicultural Center Inc ($341k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $150k. At year end it held assets of $97k against liabilities of $45k, net assets of $52k. It reported 2 employees.