Mobile Art Council Inc

Analysis

Mobile Art Council Inc is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in June 1962, 64 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, Mobile Art Council Inc reported income of $575k and spending of $503k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $272k to $575k (+111%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mobile Art Council Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 75th percentile within AL. Charities of a similar size with the same main cause include Aurora Picture Show ($575k), Bellingham Festival of Music ($575k) and Body Traffic ($575k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $49k (9.8% of expenses). Other salaries and wages came to $106k. At year end it held assets of $373k against liabilities of $25k, net assets of $348k. It reported 4 employees.