Long Meadow Art Residency Inc

Analysis

Long Meadow Art Residency Inc is a registered charity in United States, based in New Marlborou, MA. It received its IRS tax-exemption ruling in December 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 (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, Long Meadow Art Residency Inc reported income of $54k and spending of $101k, spending 187% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $849k to $54k (-94%), an average of -75% a year. The sharpest change came in the year to December 2023, when income dropped by 87%. Over the whole period it spent 11% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Long Meadow Art Residency Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 30th percentile within MA. Charities of a similar size with the same main cause include Atux Forever-Restoring Attuans Freedom ($54k), Art-Not Terminal Gallery ($54k) and Kent News Inc ($54k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.