Mabou Mines Development Foundation Inc

Analysis

Mabou Mines Development Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1974, 52 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 June 2023, Mabou Mines Development Foundation Inc reported income of $890k and spending of $827k, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $549k to $890k (+62%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 74%. 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, Mabou Mines Development Foundation Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Beyond Booking Inc ($890k), Calfee Community and Cultural Center Inc ($890k) and South Seattle Emerald ($890k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $151k (18% of expenses). Other salaries and wages came to $141k. At year end it held assets of $268k against liabilities of $16k, net assets of $252k. It reported 38 employees.