Eressea

Analysis

Eressea is a registered charity in United States, based in Kempton, PA. It received its IRS tax-exemption ruling in April 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 September 2023, Eressea reported income of $155k and spending of $153k, spending 99% of its income. Across the 4 years on record, from September 2019 to September 2023, income fell from $238k to $155k (-35%), an average of -13% a year. The sharpest change came in the year to September 2020, when income dropped by 46%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Eressea sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within PA. Charities of a similar size with the same main cause include Act II Community Theater ($155k), Liberty Music Booster Association ($155k) and Pennsylvaina German Society ($155k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. At year end it held assets of $466k against liabilities of $434k, net assets of $32k.