Gaspee Day Committee Inc

Analysis

Gaspee Day Committee Inc is a registered charity in United States, based in Warwick, RI. It received its IRS tax-exemption ruling in January 1976, 50 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 August 2024, Gaspee Day Committee Inc reported income of $176k and spending of $154k, spending 87% of its income. Across the 3 years on record, from August 2022 to August 2024, income fell from $204k to $176k (-14%), an average of -7.0% a year. The sharpest change came in the year to August 2023, when income dropped by 15%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gaspee Day Committee Inc sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within RI. Charities of a similar size with the same main cause include Northwest Carriage Museum ($176k), National Society of the Colonial Dames of Amer in the State of de ($176k) and Prince Dance Company ($176k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 21% and program service revenue 37% of the total. At year end it held assets of $247k against liabilities of $0, net assets of $247k.