Cabot Arts Inc

Analysis

Cabot Arts Inc is a registered charity in United States, based in Cabot, VT. It received its IRS tax-exemption ruling in March 2021, 5 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, Cabot Arts Inc reported income of $121k and spending of $103k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $57k to $121k (+112%), an average of +112% a year. The sharpest change came in the year to December 2023, when income rose by 112%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cabot Arts Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 32nd percentile within VT. Charities of a similar size with the same main cause include Garfield Jazz Foundation ($121k), C Williams Rush LLC ($122k) and Dirt Dogs Theatre Company ($121k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. At year end it held assets of $27k against liabilities of $1, net assets of $27k.