Mars Hill Audio Incorporated

Analysis

Mars Hill Audio Incorporated is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in December 1997, 29 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 September 2023, Mars Hill Audio Incorporated reported income of $401k and spending of $223k, leaving 44% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $372k to $401k (+7.7%), an average of +1.9% a year. The sharpest change came in the year to September 2023, when income rose by 43%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mars Hill Audio Incorporated sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within VA. Charities of a similar size with the same main cause include Early Music America Inc ($400k), Key West Harry S Truman Foundation Inc ($401k) and James K Polk Memorial Association ($400k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 80% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $114k (51% of expenses). Other salaries and wages came to $8,453. At year end it held assets of $426k against liabilities of $58k, net assets of $368k. It reported 4 employees.