Nantucket Maria Mitchell Assoc

Analysis

Nantucket Maria Mitchell Assoc is a registered charity in United States, based in Nantucket, MA. It received its IRS tax-exemption ruling in October 1925, 101 years ago. 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, Nantucket Maria Mitchell Assoc reported income of $2.9m and spending of $3.3m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.9m (+138%), an average of +24% a year. The sharpest change came in the year to December 2022, when income rose by 43%. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nantucket Maria Mitchell Assoc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MA. Charities of a similar size with the same main cause include Wimberley Emergency Medical Service Systems Inc ($2.9m), Stages Theatre Company Inc ($2.9m) and South Orangetown Ambulance Corps Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $202k (6.1% of expenses). Other salaries and wages came to $1.2m. It paid $168k in professional fundraising fees. At year end it held assets of $12.6m against liabilities of $2.8m, net assets of $9.8m. It reported 74 employees.