Marfa Public Radio Corporation

Analysis

Marfa Public Radio Corporation is a registered charity in United States, based in Marfa, TX. It received its IRS tax-exemption ruling in February 2008, 18 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 December 2023, Marfa Public Radio Corporation reported income of $1.2m and spending of $1.5m, spending 120% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.2m (+24%), an average of +7.3% 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, Marfa Public Radio Corporation 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 85th percentile within TX. Charities of a similar size with the same main cause include American College of Musicians ($1.2m), Frances Clark Center for Keyboard Pedagogy ($1.3m) and New England Complex Systems Institute Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $112k (7.4% of expenses). Other salaries and wages came to $534k. At year end it held assets of $2.3m against liabilities of $532k, net assets of $1.8m. It reported 14 employees.