Historic Marion Revitalization Association Inc

Analysis

Historic Marion Revitalization Association Inc is a registered charity in United States, based in Marion, SC. 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Historic Marion Revitalization Association Inc reported income of $88k and spending of $84k, spending 95% of its income. Across the 6 years on record, from May 2019 to May 2024, income grew from $66k to $88k (+34%), an average of +6.0% a year. The sharpest change came in the year to May 2020, when income rose by 150%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Marion Revitalization Association Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 39th percentile within SC. Charities of a similar size with the same main cause include Tosos II Inc ($88k), Northwest Indiana Community Art Association Inc ($88k) and Barnstable Historical Society ($88k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 71% of the total. Compensation of current officers, directors and key employees was $9,131 (11% of expenses). At year end it held assets of $213k against liabilities of $11k, net assets of $202k. It reported 1 employees.