The Millay Colony for the Arts Inc

Analysis

The Millay Colony for the Arts Inc is a registered charity in United States, based in Austerlitz, NY. It received its IRS tax-exemption ruling in May 1974, 52 years ago. 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 Millay Colony for the Arts Inc reported income of $291k and spending of $430k, spending 148% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $239k to $291k (+21%), an average of +5.0% a year. The sharpest change came in the year to December 2021, when income rose by 56%. Over the whole period it spent 118% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Millay Colony for the Arts Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Little League Baseball Inc ($290k), Association of School Business Officials International ($291k) and Rebuilding Together Eastern Shore Inc ($290k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 53% of the total. Other salaries and wages came to $140k. At year end it held assets of $710k against liabilities of $143k, net assets of $567k. It reported 3 employees.