Murray Art Guild Inc

Analysis

Murray Art Guild Inc is a registered charity in United States, based in Murray, KY. It received its IRS tax-exemption ruling in May 1990, 36 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, Murray Art Guild Inc reported income of $248k and spending of $149k, leaving 40% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $153k to $248k (+62%), an average of +62% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 68% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Murray Art Guild Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within KY. Charities of a similar size with the same main cause include The Articulate Foundation ($248k), Chicago & North Western Historical Society ($248k) and Harvest Time Ministries U S a ($248k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $30k (20% of expenses). Other salaries and wages came to $9,360. At year end it held assets of $494k against liabilities of $3,677, net assets of $490k.