Middletown Township Cultural and Ar TS Council

Analysis

Middletown Township Cultural and Ar TS Council is a registered charity in United States, based in Middletown, NJ. It received its IRS tax-exemption ruling in April 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 (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, Middletown Township Cultural and Ar TS Council reported income of $701k and spending of $825k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $698k to $701k (+0.4%), an average of +0.1% a year. The sharpest change came in the year to December 2021, when income rose by 235%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Middletown Township Cultural and Ar TS Council sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within NJ. Charities of a similar size with the same main cause include Massachusetts Society of Mayflower Descendants ($701k), Davner Theatricals Inc ($701k) and Kundiman Inc ($700k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $15k (1.8% of expenses). Other salaries and wages came to $395k. At year end it held assets of $607k against liabilities of $9,279, net assets of $597k. It reported 58 employees.