Mak Center for Art and Architecture

Analysis

Mak Center for Art and Architecture is a registered charity in United States, based in W Hollywood, CA. It received its IRS tax-exemption ruling in August 2007, 19 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 (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, Mak Center for Art and Architecture reported income of $1.1m and spending of $1.1m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $978k to $1.1m (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mak Center for Art and Architecture sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Austin City Art Fund ($1.1m), Capital Harmony Works Inc ($1.1m) and Jazz Institute of Chicago Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $142k (13% of expenses). Other salaries and wages came to $314k. At year end it held assets of $3.0m against liabilities of $86k, net assets of $2.9m. It reported 13 employees.