Morris Thomspon Cultural & Visitors Center

Analysis

Morris Thomspon Cultural & Visitors Center is a registered charity in United States, based in Fairbanks, AK. It received its IRS tax-exemption ruling in April 2005, 21 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Morris Thomspon Cultural & Visitors Center reported income of $1.0m and spending of $1.7m, spending 170% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $936k to $1.0m (+9.2%), an average of +2.2% a year. The sharpest change came in the year to September 2023, when income rose by 16%. Over the whole period it spent 171% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Morris Thomspon Cultural & Visitors Center sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within AK. Charities of a similar size with the same main cause include Sammons Center for the Arts ($1.0m), The American Classical Orchestra Inc ($1.0m) and The Andrew Keegan Theatre Company ($1.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.2% and program service revenue 97% of the total. Other salaries and wages came to $225k. It paid $266 in professional fundraising fees. At year end it held assets of $15.6m against liabilities of $100k, net assets of $15.5m. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.