New Museum of Portsmouth Inc

Analysis

New Museum of Portsmouth Inc is a registered charity in United States, based in Portsmouth, NH. It received its IRS tax-exemption ruling in March 2009, 17 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, New Museum of Portsmouth Inc reported income of $125k and spending of $244k, spending 195% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $648k to $125k (-81%), an average of -56% a year. The sharpest change came in the year to December 2022, when income dropped by 77%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Museum of Portsmouth Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 44th percentile within NH. Charities of a similar size with the same main cause include Symbioseas ($125k), Goshen Theatre Project NFP ($125k) and Leas Lab Inc ($125k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 129% and program service revenue 21% of the total. Other salaries and wages came to $71k. At year end it held assets of $25k against liabilities of $0, net assets of $25k. It reported 6 employees.