Historic Salisbury Foundation Inc

Analysis

Historic Salisbury Foundation Inc is a registered charity in United States, based in Salisbury, NC. It received its IRS tax-exemption ruling in August 1972, 54 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 June 2023, Historic Salisbury Foundation Inc reported income of $283k and spending of $378k, spending 134% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $425k to $283k (-34%), an average of -9.7% a year. The sharpest change came in the year to June 2022, when income rose by 67%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Salisbury Foundation Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within NC. Charities of a similar size with the same main cause include Inffinito Art & Cultural Foundation Inc ($283k), Albany County Historical Assoc Inc ($283k) and Music Education & Performing Artists Association ($283k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $68k (18% of expenses). Other salaries and wages came to $66k. At year end it held assets of $3.9m against liabilities of $33k, net assets of $3.9m. It reported 5 employees.