Masterwork Inc

Analysis

Masterwork Inc is a registered charity in United States, based in Valparaiso, IN. It received its IRS tax-exemption ruling in September 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Masterwork Inc reported income of $78k and spending of $88k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $75k to $78k (+3.4%), an average of +3.4% a year. Over the whole period it spent 143% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Masterwork Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 27th percentile within IN. Charities of a similar size with the same main cause include Parent Booster USA Inc ($78k), Defend Life Inc ($78k) and West Craven Band Boosters Inc ($78k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. At year end it held assets of $5,035 against liabilities of $0, net assets of $5,035.