The Mattie Kelly Arts Foundation Inc

Analysis

The Mattie Kelly Arts Foundation Inc is a registered charity in United States, based in Destin, FL. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, The Mattie Kelly Arts Foundation Inc reported income of $971k and spending of $1.1m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income grew from $430k to $971k (+126%), an average of +23% a year. The sharpest change came in the year to June 2023, when income rose by 65%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Mattie Kelly Arts Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Calhoun County Agricultural and Industrial Society ($971k), Keystone Guardianship Services ($971k) and All About Change Inc ($971k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $242k (21% of expenses). Other salaries and wages came to $30k. At year end it held assets of $4.4m against liabilities of $98k, net assets of $4.3m. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.