New Bedford Port Society

Analysis

New Bedford Port Society is a registered charity in United States, based in New Bedford, MA. It received its IRS tax-exemption ruling in January 1943, 83 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, New Bedford Port Society reported income of $694k and spending of $312k, leaving 55% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $450k to $694k (+54%), an average of +11% a year. The sharpest change came in the year to September 2023, when income rose by 189%. Over the whole period it spent 41% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Bedford Port Society sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include Circle Theatre Inc ($694k), Move the Mountain Leadership Center Inc ($694k) and American Security Project ($693k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 60% of the total. Other salaries and wages came to $76k. At year end it held assets of $6.2m against liabilities of $36k, net assets of $6.2m. It reported 4 employees.