The Salem High School Performing Arts Music Club Inc

Analysis

The Salem High School Performing Arts Music Club Inc is a registered charity in United States, based in Salem, NH. It received its IRS tax-exemption ruling in April 1981, 45 years ago. 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 July 2024, The Salem High School Performing Arts Music Club Inc reported income of $77k and spending of $65k, spending 85% of its income. Across the 5 years on record, from July 2020 to July 2024, income fell from $78k to $77k (-1.1%), an average of -0.3% a year. The sharpest change came in the year to July 2023, when income rose by 820%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Salem High School Performing Arts Music Club Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within NH. Charities of a similar size with the same main cause include Cape Fear Studios Incorporated ($77k), Harford County Extension Advisory Council Inc ($77k) and Grace Episcopal Church Foundation ($77k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 5.4% and program service revenue 25% of the total. At year end it held assets of $197k against liabilities of $6,692, net assets of $190k.