Salisbury Arts Alliance Inc

Analysis

Salisbury Arts Alliance Inc is a registered charity in United States, based in Salisbury, MD. It received its IRS tax-exemption ruling in August 2015, 11 years ago. 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, Salisbury Arts Alliance Inc reported income of $134k and spending of $120k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $151k to $134k (-12%), an average of -3.0% a year. The sharpest change came in the year to December 2023, when income dropped by 33%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Salisbury Arts Alliance Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 45th percentile within MD. Charities of a similar size with the same main cause include Sailing Foundation ($134k), Breast Wishes Foundation ($134k) and Technology Student Association ($134k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $38k (32% of expenses). At year end it held assets of $77k against liabilities of $0, net assets of $77k. It reported 1 employees.