McLean Project for the Arts Inc

Analysis

McLean Project for the Arts Inc is a registered charity in United States, based in McLean, VA. It received its IRS tax-exemption ruling in March 1992, 34 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, McLean Project for the Arts Inc reported income of $1.3m and spending of $1.2m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $686k to $1.3m (+91%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 57%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, McLean Project for the Arts Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within VA. Charities of a similar size with the same main cause include Foundation for Creative Broadcasting Inc ($1.3m), Research and Development Council of New Jersey Inc ($1.3m) and Sundog Theater Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $75k (6.4% of expenses). Other salaries and wages came to $496k. At year end it held assets of $450k against liabilities of $95k, net assets of $355k. It reported 13 employees.