Arts Collaborative Medford Inc

Analysis

Arts Collaborative Medford Inc is a registered charity in United States, based in Medford, MA. It received its IRS tax-exemption ruling in April 2022, 4 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, Arts Collaborative Medford Inc reported income of $93k and spending of $28k, leaving 70% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $80k to $93k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 17% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts Collaborative Medford Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 42nd percentile within MA. Charities of a similar size with the same main cause include Trilogy an Opera Company ($93k), Redlands 4th of July Committee Inc ($93k) and First Presbyterian Preschool Foundation Incorporated ($93k).

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 $144k against liabilities of $0, net assets of $144k.