Culturehouse Incorporated

Analysis

Culturehouse Incorporated is a registered charity in United States, based in Somerville, MA. It received its IRS tax-exemption ruling in November 2019, 7 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, Culturehouse Incorporated reported income of $438k and spending of $413k, spending 94% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $313k to $438k (+40%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Culturehouse Incorporated sits at the 65th percentile: it is larger than about 65% 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 Business Network of Emergency Resources Inc ($438k), Latino and Latina Roundtable of the San Gabriel and Pomona Valley ($438k) and Carteret County Domestic Violence Program Inc ($438k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 5.5% of the total. Compensation of current officers, directors and key employees was $70k (17% of expenses). Other salaries and wages came to $178k. At year end it held assets of $529k against liabilities of $198k, net assets of $331k. It reported 7 employees.