Mt Washington Valley Arts Association

Analysis

Mt Washington Valley Arts Association is a registered charity in United States, based in North Conway, NH. It received its IRS tax-exemption ruling in March 1983, 43 years ago. 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 October 2023, Mt Washington Valley Arts Association reported income of $59k and spending of $61k, spending 102% of its income. Across the 2 years on record, from October 2022 to October 2023, income grew from $47k to $59k (+26%), an average of +26% a year. The sharpest change came in the year to October 2023, when income rose by 26%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mt Washington Valley Arts Association sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within NH. Charities of a similar size with the same main cause include Little League Baseball Inc ($59k), American College of Physicians ($59k) and Smhi Residential Services ($59k).

On its Form 990-EZ for the period ending October 2023, revenue came from contributions and grants 20% and program service revenue 73% of the total. At year end it held assets of $18k against liabilities of $150, net assets of $17k.