Mahaiwe Performing Arts Center Inc

Analysis

Mahaiwe Performing Arts Center Inc is a registered charity in United States, based in GT Barrington, MA. It received its IRS tax-exemption ruling in April 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 December 2023, Mahaiwe Performing Arts Center Inc reported income of $2.8m and spending of $2.8m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $2.8m (+10%), an average of +2.5% a year. The sharpest change came in the year to December 2021, when income rose by 91%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mahaiwe Performing Arts Center Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Arts Club of Chicago ($2.8m), Association for Advancement of the Behavioral Therapies Inc ($2.8m) and Pacific Northwest Ballet Foundation ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $159k (5.7% of expenses). Other salaries and wages came to $812k. At year end it held assets of $10.1m against liabilities of $432k, net assets of $9.6m. It reported 37 employees.