Schooner Ernestina-Morrissey Association

Analysis

Schooner Ernestina-Morrissey Association is a registered charity in United States, based in Rochester, MA. It received its IRS tax-exemption ruling in January 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 2022, Schooner Ernestina-Morrissey Association reported income of $587k and spending of $1.3m, spending 218% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income fell from $754k to $587k (-22%), an average of -6.1% a year. The sharpest change came in the year to December 2020, when income rose by 294%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Schooner Ernestina-Morrissey Association sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Childrens Museum of Fond du Lac Inc ($587k), Common Ground on the Hill Ltd ($587k) and Phoenix Allstars Inc ($587k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $156k against liabilities of $68k, net assets of $87k.