Morgan Art of Paper Making Conservatory and Educational Found

Analysis

Morgan Art of Paper Making Conservatory and Educational Found is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Morgan Art of Paper Making Conservatory and Educational Found reported income of $722k and spending of $578k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $442k to $722k (+63%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 881%. Over the whole period it spent 128% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Morgan Art of Paper Making Conservatory and Educational Found sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within OH. Charities of a similar size with the same main cause include Readfield Union Meeting House Company ($722k), Portola Valley Theatre Conservatory Inc ($723k) and Pittsburgh JCS Inc ($722k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $76k (13% of expenses). Other salaries and wages came to $214k. At year end it held assets of $3.4m against liabilities of $14k, net assets of $3.4m. It reported 18 employees.