Mare Nostrum Elements Inc

Analysis

Mare Nostrum Elements Inc is a registered charity in United States, based in Woodside, NY. It received its IRS tax-exemption ruling in June 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 June 2023, Mare Nostrum Elements Inc reported income of $138k and spending of $131k, spending 95% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $134k to $138k (+3.2%), an average of +3.2% a year. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mare Nostrum Elements Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NY. Charities of a similar size with the same main cause include The Lancaster Performing Arts Center Foundation ($138k), Third Place Technologies ($138k) and SRS Heritage Foundation Inc ($138k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.6% of the total. At year end it held assets of $13k against liabilities of $13k, net assets of $251.