New England Carousel Museum Inc

Analysis

New England Carousel Museum Inc is a registered charity in United States, based in Bristol, CT. It received its IRS tax-exemption ruling in May 1990, 36 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 June 2023, New England Carousel Museum Inc reported income of $435k and spending of $497k, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $586k to $435k (-26%), an average of -7.2% a year. The sharpest change came in the year to June 2022, when income dropped by 19%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New England Carousel Museum Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 65th percentile within CT. Charities of a similar size with the same main cause include New Harmony Project Inc ($434k), Chocolate Church Arts Center ($435k) and Center for Cuban Studies Inc ($434k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $60k (12% of expenses). Other salaries and wages came to $189k. At year end it held assets of $847k against liabilities of $122k, net assets of $725k. It reported 24 employees.