3s Contemporary Arts Space Inc

Analysis

3s Contemporary Arts Space Inc is a registered charity in United States, based in Portsmouth, NH. It received its IRS tax-exemption ruling in March 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, 3s Contemporary Arts Space Inc reported income of $848k and spending of $1.2m, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $848k (-25%), an average of -6.8% a year. The sharpest change came in the year to December 2023, when income dropped by 36%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, 3s Contemporary Arts Space Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within NH. Charities of a similar size with the same main cause include Arts Council of Greater Lansing Inc ($848k), Army Aviation Museum Foundation Inc ($849k) and Lang Lang International Music Foundation Inc ($848k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $117k (9.7% of expenses). Other salaries and wages came to $407k. At year end it held assets of $1.5m against liabilities of $1.0m, net assets of $448k. It reported 19 employees.