New England Watercolor Society Incorporated

Analysis

New England Watercolor Society Incorporated is a registered charity in United States, based in Plymouth, MA. It received its IRS tax-exemption ruling in August 1988, 38 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New England Watercolor Society Incorporated reported income of $121k and spending of $73k, leaving 39% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $76k to $121k (+58%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New England Watercolor Society Incorporated sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 48th percentile within MA. Charities of a similar size with the same main cause include National Equal Justice Association ($121k), Douglass Senior Center Inc ($121k) and Vermont Interfaith Power and Light Inc ($121k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 42% of the total. At year end it held assets of $318k against liabilities of $0, net assets of $318k.