Marthas Vineyard Art Assn Inc

Analysis

Marthas Vineyard Art Assn Inc is a registered charity in United States, based in Edgartown, MA. It received its IRS tax-exemption ruling in April 1955, 71 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Marthas Vineyard Art Assn Inc reported income of $225k and spending of $230k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $263k to $225k (-14%), an average of -3.8% a year. The sharpest change came in the year to December 2021, when income rose by 90%. Over the whole period it spent 84% 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 Art Assn Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within MA. Charities of a similar size with the same main cause include Chamber Orchestra of New York - Ottorino Respighi ($225k), Longmont Theatre Company ($225k) and Dixie Theatre Foundation Inc ($225k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $14k (6.1% of expenses). Other salaries and wages came to $38k. At year end it held assets of $930k against liabilities of $157, net assets of $930k. It reported 10 employees.