Nantucket Shellfish Association Inc

Analysis

Nantucket Shellfish Association Inc is a registered charity in United States, based in Nantucket, MA. It received its IRS tax-exemption ruling in December 2003, 23 years ago. Its declared purposes cover science and technology, 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, Nantucket Shellfish Association Inc reported income of $373k and spending of $236k, leaving 37% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $211k to $373k (+76%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 58% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Nantucket Shellfish Association Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within MA. Charities of a similar size with the same main cause include Historic Italian Hall Foundation ($373k), Atlanta Workshop Players Inc ($373k) and New Mexico Multi-Cultural Foundation Inc ($373k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $110k (47% of expenses). At year end it held assets of $667k against liabilities of $4,410, net assets of $662k. It reported 1 employees.