Worcester Cultural Coalition Inc

Analysis

Worcester Cultural Coalition Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in July 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Worcester Cultural Coalition Inc reported income of $723k and spending of $927k, spending 128% of what it took in. Across the 5 years on record, from August 2019 to June 2023, income fell from $738k to $723k (-2.0%), an average of -0.5% a year. The sharpest change came in the year to August 2020, when income rose by 190%. Over the whole period it spent 58% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Worcester Cultural Coalition Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include Bucks County Childrens Museum ($723k), Bindlestiff Family Variety Arts Inc ($723k) and Camp Algona Pow Project Inc ($723k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 23% of the total. At year end it held assets of $3.4m against liabilities of $531k, net assets of $2.9m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.