New England Museum Association Inc

Analysis

New England Museum Association Inc is a registered charity in United States, based in Arlington, MA. It received its IRS tax-exemption ruling in February 1980, 46 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 June 2023, New England Museum Association Inc reported income of $773k and spending of $763k, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $577k to $773k (+34%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 43%. 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, New England Museum Association Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MA. Charities of a similar size with the same main cause include River Park Elderly Housing Inc River Park Elderly Housing Inc ($773k), American Society for Artificial Internal Organs Inc ($773k) and Adc Research Institute ($773k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $52k (6.9% of expenses). Other salaries and wages came to $148k. At year end it held assets of $938k against liabilities of $36k, net assets of $903k. It reported 4 employees.