Salem Arts Association Inc

Analysis

Salem Arts Association Inc is a registered charity in United States, based in Salem, MA. It received its IRS tax-exemption ruling in March 2010, 16 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, Salem Arts Association Inc reported income of $68k and spending of $49k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $46k to $68k (+48%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 75% 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 Arts Association Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 35th percentile within MA. Charities of a similar size with the same main cause include Aspen Choral Society ($68k), Butler County Tourism Foundation Inc ($68k) and Etruscan Foundation Inc ($68k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 25% of the total. At year end it held assets of $52k against liabilities of $0, net assets of $52k.