Master Drawings Association Inc

Analysis

Master Drawings Association Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1967, 59 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 February 2023, Master Drawings Association Inc reported income of $686k and spending of $412k, leaving 40% of income unspent that year. Across the 5 years on record, from February 2019 to February 2023, income grew from $556k to $686k (+23%), an average of +5.4% a year. The sharpest change came in the year to February 2023, when income rose by 65%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Master Drawings Association Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Birnamwood Area Emergency Services Inc ($686k), Fame Goodshepherd Center Housing Development Corporation ($686k) and Fenway Community Health Realtycorporation ($686k).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 75% and program service revenue 21% of the total. Other salaries and wages came to $83k. At year end it held assets of $1.6m against liabilities of $157k, net assets of $1.4m. It reported 2 employees.