Main Line Art Center

Analysis

Main Line Art Center is a registered charity in United States, based in Haverford, PA. It received its IRS tax-exemption ruling in June 1939, 87 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Main Line Art Center reported income of $1.4m and spending of $1.3m, spending 95% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.3m to $1.4m (+9.1%), an average of +2.2% a year. The sharpest change came in the year to August 2021, when income rose by 54%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Main Line Art Center sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within PA. Charities of a similar size with the same main cause include Redlands Conservancy ($1.4m), Lynn Meadows Discovery Center ($1.4m) and Lemoyne Art Foundation Inc ($1.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 23% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $154k (12% of expenses). Other salaries and wages came to $221k. At year end it held assets of $4.5m against liabilities of $202k, net assets of $4.3m. It reported 13 employees.