Fort New Salem Foundation Inc

Analysis

Fort New Salem Foundation Inc is a registered charity in United States, based in Salem, WV. It received its IRS tax-exemption ruling in August 2002, 24 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, Fort New Salem Foundation Inc reported income of $91k and spending of $32k, leaving 65% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $48k to $91k (+90%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 424%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fort New Salem Foundation Inc sits at the 39th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 31st percentile within WV. Charities of a similar size with the same main cause include Koa Dance Federation ($91k), Camerata San Antonio ($91k) and Due to Arts Inc ($91k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. At year end it held assets of $379k against liabilities of $0, net assets of $379k.