McGregor-Marquette Center for the Arts Inc

Analysis

McGregor-Marquette Center for the Arts Inc is a registered charity in United States, based in MC Gregor, IA. It received its IRS tax-exemption ruling in July 2009, 17 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, McGregor-Marquette Center for the Arts Inc reported income of $64k and spending of $77k, spending 121% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $73k to $64k (-13%), an average of -13% a year. Over the whole period it spent 114% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, McGregor-Marquette Center for the Arts Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 22nd percentile within IA. Charities of a similar size with the same main cause include Central Indiana Pow-Wow Inc ($64k), Ecole Francaise Flam Greater Chicago ($64k) and Red Door Art Gallery and Museum Inc ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 60% of the total. At year end it held assets of $64k against liabilities of $0, net assets of $64k.