Marthas Vineyard Agricultural Society

Analysis

Marthas Vineyard Agricultural Society is a registered charity in United States, based in West Tisbury, MA. It received its IRS tax-exemption ruling in March 1993, 33 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Agricultural Society reported income of $2.1m and spending of $924k, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $353k to $2.1m (+502%), an average of +57% a year. The sharpest change came in the year to December 2023, when income rose by 175%. Over the whole period it spent 61% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Marthas Vineyard Agricultural Society sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Peace Community Center ($2.1m), Scotch Plains - Fanwood Soccer Association ($2.1m) and Long Game Youth Foundation of Central Texas ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $89k (9.7% of expenses). Other salaries and wages came to $150k. At year end it held assets of $4.1m against liabilities of $523k, net assets of $3.6m. It reported 9 employees.