The Mark Twain Memorial

Analysis

The Mark Twain Memorial is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in April 1938, 88 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Mark Twain Memorial reported income of $2.9m and spending of $3.6m, spending 121% of what it took in. Across the 5 years on record, from January 2020 to December 2023, income fell from $3.4m to $2.9m (-13%), an average of -3.6% a year. The sharpest change came in the year to January 2022, when income rose by 189%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Mark Twain Memorial sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within CT. Charities of a similar size with the same main cause include Council on Governmental Relations ($2.9m), Black Academy of Arts and Letters Inc ($2.9m) and Penumbra Theatre Company Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $279k (7.9% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $14.5m against liabilities of $3.0m, net assets of $11.5m. It reported 78 employees.