New Bedford Light

Analysis

New Bedford Light is a registered charity in United States, based in New Bedford, MA. It received its IRS tax-exemption ruling in June 2021, 5 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 (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, New Bedford Light reported income of $2.0m and spending of $1.7m, spending 84% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $994k to $2.0m (+101%), an average of +42% a year. The sharpest change came in the year to December 2022, when income rose by 57%. Over the whole period it spent 68% 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 Light sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Shirley Proctor Puller Foundation Inc ($2.0m), The Film Society of Minneapolis St Paul ($2.0m) and Greater Philadelphia Falun Dafa Association ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $157k (9.4% of expenses). Other salaries and wages came to $832k. At year end it held assets of $1.6m against liabilities of $50k, net assets of $1.6m. It reported 17 employees.