Salem Art Works Inc

Analysis

Salem Art Works Inc is a registered charity in United States, based in Salem, NY. It received its IRS tax-exemption ruling in December 2007, 19 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 September 2023, Salem Art Works Inc reported income of $550k and spending of $535k, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $574k to $550k (-4.1%), an average of -1.0% a year. The sharpest change came in the year to September 2021, when income rose by 78%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Salem Art Works Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Coro de Ninos de San Juan ($550k), Uptown Tenderloin Inc ($550k) and African Cultural Center of Buffalo Inc ($550k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 76% and program service revenue 23% of the total. Other salaries and wages came to $196k. At year end it held assets of $177k against liabilities of $28k, net assets of $149k. It reported 12 employees.