Marian and Edward Macdowell Inc

Analysis

Marian and Edward Macdowell Inc is a registered charity in United States, based in Peterborough, NH. It received its IRS tax-exemption ruling in April 1923, 103 years ago. 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, Marian and Edward Macdowell Inc reported income of $9.2m and spending of $6.7m, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.9m to $9.2m (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Marian and Edward Macdowell Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within NH. Charities of a similar size with the same main cause include Kentucky Association of Counties Inc ($9.2m), Mvle Inc ($9.2m) and The Third Way Foundation Inc ($9.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $589k (8.8% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $49.2m against liabilities of $2.4m, net assets of $46.8m. It reported 71 employees.