Markeim Art Center Inc

Analysis

Markeim Art Center Inc is a registered charity in United States, based in Haddonfield, NJ. It received its IRS tax-exemption ruling in September 2021, 5 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, Markeim Art Center Inc reported income of $174k and spending of $157k, spending 90% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $56k to $174k (+210%), an average of +46% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Markeim Art Center 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 51st percentile, and in the 58th percentile within NJ. Charities of a similar size with the same main cause include Sumner County Museum Inc ($174k), Rockport Little Theater ($174k) and George Joseph and Susie Ezzell Atta Memorial Library Inc ($174k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.0% and program service revenue 98% of the total. At year end it held assets of $41k against liabilities of $1,529, net assets of $40k.