Schumacher Center for a New Economics

Analysis

Schumacher Center for a New Economics is a registered charity in United States, based in GT Barrington, MA. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover social science, 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, Schumacher Center for a New Economics reported income of $996k and spending of $1.1m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $754k to $996k (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Schumacher Center for a New Economics sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MA. Charities of a similar size with the same main cause include Northwest Choirs ($996k), Masscreative Inc ($996k) and Cultureseed ($996k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $117k (11% of expenses). Other salaries and wages came to $236k. At year end it held assets of $828k against liabilities of $1,191, net assets of $826k. It reported 11 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.