Nashua Area Artists Association

Analysis

Nashua Area Artists Association is a registered charity in United States, based in Nashua, NH. It received its IRS tax-exemption ruling in January 1965, 61 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 October 2023, Nashua Area Artists Association reported income of $59k and spending of $38k, leaving 36% of income unspent that year. Across the 2 years on record, from October 2022 to October 2023, income grew from $20k to $59k (+197%), an average of +197% a year. The sharpest change came in the year to October 2023, when income rose by 197%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nashua Area Artists Association sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within NH. Charities of a similar size with the same main cause include Francis Howell School District Support Organization Council ($59k), West Valley Medical Center Auxilary ($59k) and PTA Texas Congress ($59k).

On its Form 990-EZ for the period ending October 2023, revenue came from contributions and grants 18% and program service revenue 16% of the total. At year end it held assets of $103k against liabilities of $0, net assets of $103k.