Salisbury Association Inc

Analysis

Salisbury Association Inc is a registered charity in United States, based in Salisbury, CT. It received its IRS tax-exemption ruling in September 1951, 75 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, Salisbury Association Inc reported income of $1.5m and spending of $291k, leaving 80% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $809k to $1.5m (+83%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 171%. Over the whole period it spent 18% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Salisbury Association Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within CT. Charities of a similar size with the same main cause include Artmix Inc ($1.5m), Northern Ca Veterans Museum & Heritage Center ($1.5m) and Kmac Museum Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 0.2% of the total. Other salaries and wages came to $89k. At year end it held assets of $14.9m against liabilities of $408, net assets of $14.9m. It reported 2 employees.