Old Slater Mill Association

Analysis

Old Slater Mill Association is a registered charity in United States, based in Pawtucket, RI. It received its IRS tax-exemption ruling in March 1948, 78 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Old Slater Mill Association reported income of $54k and spending of $74k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $332k to $54k (-84%), an average of -37% a year. The sharpest change came in the year to December 2023, when income dropped by 61%. Over the whole period it spent 117% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Old Slater Mill Association sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 18th percentile within RI. Charities of a similar size with the same main cause include Theatreworks of Northern Nevada ($54k), Fisterra Projects ($54k) and Fort Knox Spouses and Community Club Inc ($54k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 0.5% of the total. Other salaries and wages came to $31k. At year end it held assets of $604k against liabilities of $351, net assets of $604k. It reported 3 employees.