Proprietors Portsmouth Athenaeum

Analysis

Proprietors Portsmouth Athenaeum is a registered charity in United States, based in Portsmouth, NH. It received its IRS tax-exemption ruling in August 1958, 68 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Proprietors Portsmouth Athenaeum reported income of $614k and spending of $568k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $960k to $614k (-36%), an average of -11% a year. The sharpest change came in the year to December 2020, when income dropped by 52%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Proprietors Portsmouth Athenaeum sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within NH. Charities of a similar size with the same main cause include Perry County Literacy Council ($614k), Piercing Word Inc ($614k) and Montessori School of New York-International Inc ($613k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% of the total. Compensation of current officers, directors and key employees was $103k (18% of expenses). Other salaries and wages came to $106k. At year end it held assets of $3.8m against liabilities of $157k, net assets of $3.7m. It reported 9 employees.