Mint Hill Arts

Analysis

Mint Hill Arts is a registered charity in United States, based in Mint Hill, NC. It received its IRS tax-exemption ruling in May 2010, 16 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 August 2024, Mint Hill Arts reported income of $108k and spending of $98k, spending 91% of its income. Across the 3 years on record, from August 2022 to August 2024, income grew from $102k to $108k (+6.5%), an average of +3.2% a year. The sharpest change came in the year to August 2023, when income rose by 37%. 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, Mint Hill Arts sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within NC. Charities of a similar size with the same main cause include Vashon Events ($108k), Cineaste Inc ($108k) and Wayne County Historical Society ($108k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 32% and program service revenue 68% of the total. At year end it held assets of $72k against liabilities of $33, net assets of $72k.