Norcam Inc

Analysis

Norcam Inc is a registered charity in United States, based in North Reading, MA. It received its IRS tax-exemption ruling in January 2008, 18 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, Norcam Inc reported income of $360k and spending of $339k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $409k to $360k (-12%), an average of -3.1% a year. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Norcam Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within MA. Charities of a similar size with the same main cause include Summit Artspace ($360k), Alive & Kickin ($360k) and San Diego Craft Collective ($360k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $84k (25% of expenses). Other salaries and wages came to $89k. At year end it held assets of $1.3m against liabilities of $66k, net assets of $1.2m. It reported 5 employees.