Mudflat Pottery School Inc

Analysis

Mudflat Pottery School Inc is a registered charity in United States, based in Somerville, MA. It received its IRS tax-exemption ruling in November 1973, 53 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mudflat Pottery School Inc reported income of $1.7m and spending of $1.4m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.7m (+47%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mudflat Pottery School Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MA. Charities of a similar size with the same main cause include International Arts and Artists Inc ($1.7m), Arts Council Santa Cruz County ($1.7m) and LJMN Media Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $151k (11% of expenses). Other salaries and wages came to $447k. At year end it held assets of $4.0m against liabilities of $1.1m, net assets of $2.9m. It reported 34 employees.