Marion Art Center Inc

Analysis

Marion Art Center Inc is a registered charity in United States, based in Marion, MA. It received its IRS tax-exemption ruling in May 1964, 62 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, Marion Art Center Inc reported income of $439k and spending of $365k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $235k to $439k (+87%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 86%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Marion Art Center Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within MA. Charities of a similar size with the same main cause include The Welman Project ($439k), Dtla Proud Festival Inc ($439k) and Northwest Sinfonietta Inc ($439k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $73k (20% of expenses). Other salaries and wages came to $85k. At year end it held assets of $1.1m against liabilities of $26k, net assets of $1.1m. It reported 27 employees.