Multi-Arts Inc

Analysis

Multi-Arts Inc is a registered charity in United States, based in Hadley, MA. It received its IRS tax-exemption ruling in December 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 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, Multi-Arts Inc reported income of $170k and spending of $142k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $123k to $170k (+38%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Multi-Arts Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within MA. Charities of a similar size with the same main cause include Preservation Society of Nashville Inc ($170k), Houston Salsa Dancers ($170k) and Morning Pointe Foundation ($170k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 82% of the total. At year end it held assets of $73k against liabilities of $52, net assets of $73k.