New Bedford Fishing Heritage Center Inc

Analysis

New Bedford Fishing Heritage Center Inc is a registered charity in United States, based in New Bedford, MA. It received its IRS tax-exemption ruling in February 2015, 11 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Bedford Fishing Heritage Center Inc reported income of $361k and spending of $256k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $222k to $361k (+63%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 68%. Over the whole period it spent 88% 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 Bedford Fishing Heritage Center Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within MA. Charities of a similar size with the same main cause include Roanoke Valley Childrens Choir Inc ($361k), 4 Youth Productions Inc ($361k) and Fallon Community Theatre Inc ($361k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 7.1% of the total. Compensation of current officers, directors and key employees was $58k (23% of expenses). Other salaries and wages came to $54k. At year end it held assets of $311k against liabilities of $61k, net assets of $249k. It reported 4 employees.