River Arts of Morrisville Inc

Analysis

River Arts of Morrisville Inc is a registered charity in United States, based in Morrisville, VT. It received its IRS tax-exemption ruling in January 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, River Arts of Morrisville Inc reported income of $461k and spending of $386k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $330k to $461k (+40%), an average of +8.7% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, River Arts of Morrisville Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 63rd percentile within VT. Charities of a similar size with the same main cause include Saginaw Bay Symphony Orchestra ($461k), Collective Eye Inc ($461k) and Los Gatos Public Media Inc ($461k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $65k (17% of expenses). Other salaries and wages came to $152k. At year end it held assets of $1.1m against liabilities of $9,364, net assets of $1.1m. It reported 12 employees.