North River Arts Society Inc

Analysis

North River Arts Society Inc is a registered charity in United States, based in Marshfld HLS, MA. It received its IRS tax-exemption ruling in August 1978, 48 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 December 2023, North River Arts Society Inc reported income of $285k and spending of $275k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $161k to $285k (+77%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 114%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North River Arts Society Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within MA. Charities of a similar size with the same main cause include Educational Residential Program Inc ($285k), Friends for Neighborhood Progress ($285k) and Deutsche Samstagsschule Houston Inc ($285k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 41% of the total. Other salaries and wages came to $89k. At year end it held assets of $416k against liabilities of $9,089, net assets of $407k. It reported 3 employees.