Modernist Archive Inc

Analysis

Modernist Archive Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in August 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, Modernist Archive Inc reported income of $592k and spending of $564k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $566k to $592k (+4.7%), an average of +1.2% a year. The sharpest change came in the year to December 2021, when income rose by 92%. 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, Modernist Archive Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within NC. Charities of a similar size with the same main cause include Opera Birmingham ($592k), Create Arts Center Inc ($592k) and Herstory Writers Workshop Inc ($592k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $27k (4.8% of expenses). Other salaries and wages came to $87k. At year end it held assets of $447k against liabilities of $25, net assets of $447k. It reported 8 employees.