New Hampshire Art Association Inc

Analysis

New Hampshire Art Association Inc is a registered charity in United States, based in Portsmouth, NH. It received its IRS tax-exemption ruling in January 1964, 62 years ago. 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 April 2023, New Hampshire Art Association Inc reported income of $299k and spending of $275k, spending 92% of its income. Across the 4 years on record, from April 2020 to April 2023, income grew from $185k to $299k (+62%), an average of +17% a year. The sharpest change came in the year to April 2023, when income rose by 39%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Hampshire Art Association Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within NH. Charities of a similar size with the same main cause include Alpha Sigma Alpha Foundation ($299k), Friends of Dreamland ($299k) and New Prague Rural Fire Protection Assn ($299k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 48% and program service revenue 53% of the total. Other salaries and wages came to $106k. At year end it held assets of $342k against liabilities of $42k, net assets of $301k. It reported 7 employees.