DEMOGRAPHIC
ADDRESS
720 MASSACHUSETTS AVENUE
02139
COUNTY
middlesex county, MA
ORGANIZATIONAL OVERVIEW & RANKINGS
585 ARTS INC is a based in CAMBRIDGE, MA, focused on Arts, Culture and Humanities causes , specifically Performing Arts Centers. Established in November 2021, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $4,104,772.00, this ranks 101,508 among 2,656,690 nonprofits nationally (Top 4%), demonstrating exceptional financial capacity relative to its peers. At the state level, it stands at 3,824 out of 58,562 organizations in MA (Top 7%).
In middlesex county, MA, the organization ranks 825 out of 14,370 nonprofits by assets (Top 6%), while locally in cambridge, it stands at 143 among 1,721 organizations (Top 8%).
The organization reported annual revenue of $3,752,363.00, ranking 58,000 nationally (Top 3%) and 2,021 in MA (Top 4%).
Within its specific NTEE classification (A61 - A: Arts, Culture and Humanities), which includes 1,020 similar organizations, 585 ARTS INC ranks 59 in assets (Top 6%) and 24 in revenue (Top 3%).
The organization files a 990 (all other) or 990EZ return and operates on a May fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
A: Arts, Culture and Humanities
NTEE CODE
A61: Performing Arts Centers
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
06/2023
ACCOUNTING PERIOD
06
INCOME CODE
6: $1,000,000 to $4,999,999
INCOME AMOUNT
$3,752,363.00
FORM 990 REVENUE AMOUNT
$3,752,363.00
RULING DATE
11/2021
ASSET CODE
6: $1,000,000 to $4,999,999
ASSET AMOUNT
$4,104,772.00
FILING REQUIREMENT CODE
990 (all other) or 990EZ return
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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