Mark Arts Inc

Analysis

Mark Arts Inc is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in July 1935, 91 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, Mark Arts Inc reported income of $2.0m and spending of $2.5m, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.4m to $2.0m (-17%), an average of -4.7% a year. The sharpest change came in the year to December 2021, when income rose by 107%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mark Arts Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within KS. Charities of a similar size with the same main cause include Seattle Youth Symphony Orchestra ($2.0m), Montclair Historical Society ($2.0m) and One Generation Away ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $171k (6.8% of expenses). Other salaries and wages came to $830k. At year end it held assets of $23.4m against liabilities of $261k, net assets of $23.2m. It reported 75 employees.