Belknap Mill Society Inc

Analysis

Belknap Mill Society Inc is a registered charity in United States, based in Laconia, NH. It received its IRS tax-exemption ruling in February 1971, 55 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, Belknap Mill Society Inc reported income of $407k and spending of $424k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $550k to $407k (-26%), an average of -7.3% a year. The sharpest change came in the year to December 2021, when income dropped by 57%. Over the whole period it spent 66% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Belknap Mill Society Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within NH. Charities of a similar size with the same main cause include Arts Council of Pendleton ($407k), Norman Firehouse Art Center Inc ($407k) and 222 Healdsburg Performing Arts ($407k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 35% of the total. Other salaries and wages came to $189k. At year end it held assets of $1.7m against liabilities of $268k, net assets of $1.4m. It reported 9 employees.