Society for the Development of Arts and Humanities of Greater Newburyp

Analysis

Society for the Development of Arts and Humanities of Greater Newburyp is a registered charity in United States, based in Newburyport, MA. It received its IRS tax-exemption ruling in September 1978, 48 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Society for the Development of Arts and Humanities of Greater Newburyp reported income of $1.5m and spending of $1.8m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.5m (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2021, when income rose by 105%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Society for the Development of Arts and Humanities of Greater Newburyp sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include Karuna Center for Peace Building ($1.5m), Latin American Studies Association Inc ($1.5m) and Rogue Valley Symphony Association ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 49% of the total. Other salaries and wages came to $345k. At year end it held assets of $1.6m against liabilities of $475k, net assets of $1.2m. It reported 13 employees.