Mpma Foundation

Analysis

Mpma Foundation is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in January 1996, 30 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, Mpma Foundation reported income of $93k and spending of $81k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $106k to $93k (-13%), an average of -3.3% a year. The sharpest change came in the year to December 2022, when income rose by 71%. Over the whole period it spent 147% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mpma Foundation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within VA. Charities of a similar size with the same main cause include New Hartford Historical Society Inc ($93k), Shenandoah Arts Council Inc ($93k) and Dawson-Boyd Arts Association ($93k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $15k (18% of expenses). At year end it held assets of $435k against liabilities of $12k, net assets of $422k.