Salem Community Arts Center

Analysis

Salem Community Arts Center is a registered charity in United States, based in Salem, MA. It received its IRS tax-exemption ruling in November 2011, 15 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 Community Arts Center reported income of $73k and spending of $79k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $66k to $73k (+11%), an average of +11% a year. Over the whole period it spent 104% 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 Community Arts Center sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 37th percentile within MA. Charities of a similar size with the same main cause include Deuel County Charities ($73k), The Concord Womens Chorus Inc ($73k) and D Andrea Larosa Art Foundation Inc ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. At year end it held assets of $75k against liabilities of $60, net assets of $75k.