Mardi Gras Museum Inc

Analysis

Mardi Gras Museum Inc is a registered charity in United States, based in Biloxi, MS. 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Mardi Gras Museum Inc reported income of $114k and spending of $98k, spending 86% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $194k to $114k (-41%), an average of -12% a year. The sharpest change came in the year to September 2020, when income dropped by 61%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mardi Gras Museum Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within MS. Charities of a similar size with the same main cause include Illinois High School Art Exhibition ($114k), Hum Sub Inc ($114k) and Art Center of Battle Creek ($114k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 70% and program service revenue 13% of the total. Other salaries and wages came to $43k. At year end it held assets of $61k against liabilities of $0, net assets of $61k. It reported 1 employees.