American Mural Project Inc

Analysis

American Mural Project Inc is a registered charity in United States, based in Winsted, CT. It received its IRS tax-exemption ruling in February 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, American Mural Project Inc reported income of $1.9m and spending of $821k, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $433k to $1.9m (+340%), an average of +45% a year. The sharpest change came in the year to December 2023, when income rose by 161%. Over the whole period it spent 71% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Mural Project Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within CT. Charities of a similar size with the same main cause include Machine Intelligence Research Institute Inc ($1.9m), The Chance Theater ($1.9m) and Friends of Perry Mansfield ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $82k (10.0% of expenses). Other salaries and wages came to $261k. At year end it held assets of $7.1m against liabilities of $1.2m, net assets of $5.9m. It reported 11 employees.