Maccurdy-Salisbury Educational

Analysis

Maccurdy-Salisbury Educational is a registered charity in United States, based in Old Lyme, CT. It received its IRS tax-exemption ruling in May 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Maccurdy-Salisbury Educational reported income of $434k and spending of $476k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $671k to $434k (-35%), an average of -10% a year. The sharpest change came in the year to December 2022, when income dropped by 323%. Over the whole period it spent 206% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Maccurdy-Salisbury Educational sits at the 66th percentile: it is larger than about 66% 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 Loving Savior Lutheran Chinese School ($434k), Le Club Francais ($434k) and International Cinematographers Guild Scholarship Fund Inc ($434k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.4% of the total. Other salaries and wages came to $30k. At year end it held assets of $10.2m against liabilities of $0, net assets of $10.2m. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.