Master Arts Company

Analysis

Master Arts Company is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in September 1986, 40 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, Master Arts Company reported income of $184k and spending of $197k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $224k to $184k (-18%), an average of -4.7% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Master Arts Company sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 51st percentile within MI. Charities of a similar size with the same main cause include Media Ecosystems Analysis Group ($184k), Open Book Theatre Company ($184k) and Rancho Camulos Museum a California Non-Profit Benefit Corporation ($184k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 46% of the total. Other salaries and wages came to $60k. At year end it held assets of $207k against liabilities of $0, net assets of $207k. It reported 2 employees.