Mountain Laurel Autoharp Gathering Inc

Analysis

Mountain Laurel Autoharp Gathering Inc is a registered charity in United States, based in Franklin, WI. It received its IRS tax-exemption ruling in July 2002, 24 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 September 2023, Mountain Laurel Autoharp Gathering Inc reported income of $84k and spending of $80k, spending 96% of its income. Across the 2 years on record, from September 2022 to September 2023, income fell from $107k to $84k (-22%), an average of -22% a year. The sharpest change came in the year to September 2023, when income dropped by 22%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mountain Laurel Autoharp Gathering Inc 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 30th percentile within WI. Charities of a similar size with the same main cause include Piedmont Center for the Arts Incorporated ($84k), Columbia Vantage Point Foundation Inc ($84k) and Strongsville Schools Instrumental Music Boosters ($84k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. At year end it held assets of $87k against liabilities of $0, net assets of $87k.