Morgan Arts Council Inc

Analysis

Morgan Arts Council Inc is a registered charity in United States, based in Berkeley SPGS, WV. It received its IRS tax-exemption ruling in January 1988, 38 years ago. 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 June 2023, Morgan Arts Council Inc reported income of $251k and spending of $352k, spending 140% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $210k to $251k (+20%), an average of +4.6% a year. The sharpest change came in the year to June 2020, when income rose by 76%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Morgan Arts Council Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within WV. Charities of a similar size with the same main cause include The International Group for Historic Aircraft Recovery ($251k), Schuyler Volunteer Fire Dept ($251k) and Barnesville Area Education Foundation ($251k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 50% and program service revenue 32% of the total. Other salaries and wages came to $40k. At year end it held assets of $1.7m against liabilities of $159k, net assets of $1.6m. It reported 3 employees.