New Chaucer Society

Analysis

New Chaucer Society is a registered charity in United States, based in Iceland. It received its IRS tax-exemption ruling in July 1979, 47 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 Chaucer Society reported income of $124k and spending of $105k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $90k to $124k (+38%), an average of +8.3% a year. The sharpest change came in the year to December 2022, when income rose by 62%. Over the whole period it spent 66% 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 Chaucer Society sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile. Charities of a similar size with the same main cause include City Theatre Company ($124k), Friends of the Arts Inc ($124k) and Epsilon Spires Inc ($124k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.6% and program service revenue 61% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.