Spencertown Academy Society

Analysis

Spencertown Academy Society is a registered charity in United States, based in Spencertown, NY. It received its IRS tax-exemption ruling in June 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 December 2023, Spencertown Academy Society reported income of $259k and spending of $224k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $243k to $259k (+6.8%), an average of +1.7% a year. The sharpest change came in the year to December 2022, when income rose by 17%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Spencertown Academy Society sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Aerial Dance Chicago ($259k), The Defiance Community Cultural Council Inc ($260k) and Intercourse Library Inc ($259k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 20% of the total. Other salaries and wages came to $47k. At year end it held assets of $1.1m against liabilities of $941, net assets of $1.1m. It reported 2 employees.