Marigold Arts Development Inc

Analysis

Marigold Arts Development Inc is a registered charity in United States, based in North Charleston, SC. It received its IRS tax-exemption ruling in August 2003, 23 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 August 2023, Marigold Arts Development Inc reported income of $92k and spending of $120k, spending 129% of what it took in. Across the 4 years on record, from August 2020 to August 2023, income grew from $84k to $92k (+10%), an average of +3.4% a year. The sharpest change came in the year to August 2021, when income rose by 53%. Over the whole period it spent 115% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Marigold Arts Development Inc 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 40th percentile within SC. Charities of a similar size with the same main cause include Weekend of Chamber Music Inc ($92k), Lexington Youth Theatre Inc ($92k) and Lynden Performing Arts Guild ($92k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 20% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $16k (13% of expenses). At year end it held assets of $9,591 against liabilities of $59k, net assets of -$50k. It reported 1 employees.