Mansfield Fine Arts Guild Inc

Analysis

Mansfield Fine Arts Guild Inc is a registered charity in United States, based in Mansfield, OH. It received its IRS tax-exemption ruling in December 1956, 70 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 June 2023, Mansfield Fine Arts Guild Inc reported income of $639k and spending of $763k, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.4m to $639k (-53%), an average of -17% a year. The sharpest change came in the year to June 2022, when income dropped by 51%. Over the whole period it spent 66% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mansfield Fine Arts Guild Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within OH. Charities of a similar size with the same main cause include Historic Madison Foundation Inc ($639k), Washakie Museum ($640k) and Acoustic Sound Inc ($639k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $57k (7.5% of expenses). Other salaries and wages came to $221k. It paid $6,375 in professional fundraising fees. At year end it held assets of $4.6m against liabilities of $42k, net assets of $4.6m. It reported 13 employees.