Mainframe Studios

Analysis

Mainframe Studios is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in July 2014, 12 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, Mainframe Studios reported income of $1.5m and spending of $2.0m, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.6m to $1.5m (-40%), an average of -12% a year. The sharpest change came in the year to December 2022, when income rose by 189%. Over the whole period it spent 56% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mainframe Studios sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within IA. Charities of a similar size with the same main cause include Odeum Corporation ($1.5m), Curious Kids Museum ($1.5m) and Liu Shiming Art Foundation ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Other salaries and wages came to $210k. At year end it held assets of $10.1m against liabilities of $252k, net assets of $9.9m. It reported 5 employees.