Actors Studio of Newburyport Inc

Analysis

Actors Studio of Newburyport Inc is a registered charity in United States, based in Salisbury, MA. It received its IRS tax-exemption ruling in March 2008, 18 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, Actors Studio of Newburyport Inc reported income of $135k and spending of $184k, spending 136% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $143k to $135k (-5.6%), an average of -5.6% a year. Over the whole period it spent 139% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Actors Studio of Newburyport Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 50th percentile within MA. Charities of a similar size with the same main cause include Respond to Racism in Lake Oswego ($135k), African American Community Cultural and Educational Society Inc ($135k) and Meriden Historical Society Incorporated ($135k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. At year end it held assets of $25k against liabilities of $0, net assets of $25k.