New Bedford Museum of Glass Inc

Analysis

New Bedford Museum of Glass Inc is a registered charity in United States, based in New Bedford, MA. It received its IRS tax-exemption ruling in February 2015, 11 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 2021, New Bedford Museum of Glass Inc reported income of $165k and spending of $73k, leaving 56% of income unspent that year. Across the 2 years on record, from December 2020 to December 2021, income grew from $47k to $165k (+251%), an average of +251% a year. The sharpest change came in the year to December 2021, when income rose by 251%. 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, New Bedford Museum of Glass Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 54th percentile within MA. Charities of a similar size with the same main cause include Spire Music ($165k), Womens High-Tech Coalition ($165k) and San Antonio Symphony League ($165k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 87% and program service revenue 2.6% of the total. Other salaries and wages came to $39k. At year end it held assets of $1.4m against liabilities of $18k, net assets of $1.4m. It reported 1 employees.