Memorial Hall Center for the Arts Inc

Analysis

Memorial Hall Center for the Arts Inc is a registered charity in United States, based in Wilmington, VT. It received its IRS tax-exemption ruling in September 2020, 6 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 March 2024, Memorial Hall Center for the Arts Inc reported income of $105k and spending of $94k, spending 90% of its income. Across the 3 years on record, from March 2022 to March 2024, income grew from $90k to $105k (+17%), an average of +8.1% a year. The sharpest change came in the year to March 2024, when income rose by 20%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Memorial Hall Center for the Arts Inc sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 29th percentile within VT. Charities of a similar size with the same main cause include Rehoboth Beach Writer Guild ($105k), Your Next Chapter ($105k) and Loren L Zachary Society for the Performing Arts ($105k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 48% and program service revenue 52% of the total. At year end it held assets of $320k against liabilities of $357k, net assets of -$37k.