James Merrill House Foundation

Analysis

James Merrill House Foundation is a registered charity in United States, based in Stonington, CT. It received its IRS tax-exemption ruling in November 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 March 2023, James Merrill House Foundation reported income of $229k and spending of $11k, leaving 95% of income unspent that year. Across the 2 years on record, from March 2022 to March 2023, income fell from $1.4m to $229k (-84%), an average of -84% a year. The sharpest change came in the year to March 2023, when income dropped by 84%. Over the whole period it spent 0.8% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, James Merrill House Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within CT. Charities of a similar size with the same main cause include Angelico Project - a Center for Culture and Thought ($229k), Experimental Chinese School Inc ($229k) and Jordan High School Band and Color Guard Booster Club ($229k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.