Historic Salem Courthouse Preservation Association Inc

Analysis

Historic Salem Courthouse Preservation Association Inc is a registered charity in United States, based in Salem, NY. It received its IRS tax-exemption ruling in May 2002, 24 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, Historic Salem Courthouse Preservation Association Inc reported income of $277k and spending of $269k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $231k to $277k (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2020, when income dropped by 35%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Salem Courthouse Preservation Association Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Tecbridge ($277k), Next Edge Arts Inc ($277k) and Sauk Prairie Music Association Inc ($277k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 20% of the total. Other salaries and wages came to $102k. At year end it held assets of $788k against liabilities of $558, net assets of $787k.