Merrimack Academy for Theperforming Arts Inc

Analysis

Merrimack Academy for Theperforming Arts Inc is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in December 2006, 20 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, Merrimack Academy for Theperforming Arts Inc reported income of $659k and spending of $720k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $803k to $659k (-18%), an average of -4.8% a year. The sharpest change came in the year to December 2021, when income rose by 72%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Merrimack Academy for Theperforming Arts Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 77th percentile within AL. Charities of a similar size with the same main cause include Friends of the Park Inc ($659k), Uss Yorktown Foundation ($659k) and Friends of Danada Inc ($659k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 60% of the total. Other salaries and wages came to $220k. At year end it held assets of $21k against liabilities of $78k, net assets of -$57k. It reported 10 employees.