Nantucket Tipping Point Inc

Analysis

Nantucket Tipping Point Inc is a registered charity in United States, based in Nantucket, MA. It received its IRS tax-exemption ruling in March 2020, 6 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 December 2023, Nantucket Tipping Point Inc reported income of $199k and spending of $116k, leaving 42% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income grew from $76k to $199k (+162%), an average of +62% a year. The sharpest change came in the year to December 2023, when income rose by 208%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Nantucket Tipping Point Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within MA. Charities of a similar size with the same main cause include National Rhythm and Blues Music Society Inc a Nonprofit Corp ($199k), Wepa Empowerment Center ($199k) and National Asian Artists Project ($199k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $17k against liabilities of $16k, net assets of $299.