Medford Arts Center

Analysis

Medford Arts Center is a registered charity in United States, based in Medford, NJ. It received its IRS tax-exemption ruling in September 1999, 27 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, Medford Arts Center reported income of $84k and spending of $79k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $141k to $84k (-40%), an average of -40% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Medford Arts Center sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 40th percentile within NJ. Charities of a similar size with the same main cause include Miopera Inc ($84k), Hendricks County Educational Media Corporation ($84k) and Theatre Gigante Inc ($84k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 29% of the total. At year end it held assets of $302k against liabilities of $181k, net assets of $120k.