Marthas Vineyard Museum Inc

Analysis

Marthas Vineyard Museum Inc is a registered charity in United States, based in Vineyard HVN, MA. It received its IRS tax-exemption ruling in November 1981, 45 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, Marthas Vineyard Museum Inc reported income of $7.0m and spending of $4.1m, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.9m to $7.0m (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2023, when income rose by 111%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Marthas Vineyard Museum Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Arts Partnership ($7.0m), Northeast Organic Farming Association of Vermont ($7.0m) and Prevention Institute ($7.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $162k (3.9% of expenses). Other salaries and wages came to $1.0m. It paid $287k in professional fundraising fees. At year end it held assets of $28.7m against liabilities of $5.5m, net assets of $23.2m. It reported 24 employees.