New Arts and Sciences Inc

Analysis

New Arts and Sciences Inc is a registered charity in United States, based in Sharon, MA. It received its IRS tax-exemption ruling in November 1982, 44 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, New Arts and Sciences Inc reported income of $87k and spending of $98k, spending 112% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $97k to $87k (-10%), an average of -10% a year. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Arts and Sciences Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 41st percentile within MA. Charities of a similar size with the same main cause include Fresh Air Farm Inc ($87k), St Catherine Hospital Development Foundation ($87k) and Post Thrift Shop ($87k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $7,397 against liabilities of $8,416, net assets of -$1,019.