Marion Community School of the Arts Inc

Analysis

Marion Community School of the Arts Inc is a registered charity in United States, based in Marion, IN. It received its IRS tax-exemption ruling in March 1996, 30 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Marion Community School of the Arts Inc reported income of $407k and spending of $501k, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $664k to $407k (-39%), an average of -12% a year. The sharpest change came in the year to June 2023, when income dropped by 38%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Marion Community School of the Arts Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within IN. Charities of a similar size with the same main cause include Above the Clouds ($407k), Linton Incorporated ($407k) and Glendon Association ($407k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $54k (11% of expenses). Other salaries and wages came to $286k. At year end it held assets of $407k against liabilities of $6,325, net assets of $400k. It reported 10 employees.