Marva Workshop Inc

Analysis

Marva Workshop Inc is a registered charity in United States, based in Russellville, AR. It received its IRS tax-exemption ruling in February 1969, 57 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Marva Workshop Inc reported income of $1.3m and spending of $1.2m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.3m (+20%), an average of +4.7% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Marva Workshop Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within AR. Charities of a similar size with the same main cause include Hampton Roads Workforce Foundation ($1.3m), Hispanic Foundation of Silicon Valley ($1.3m) and Living Development Concepts Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $72k (5.9% of expenses). Other salaries and wages came to $820k. At year end it held assets of $2.3m against liabilities of $16k, net assets of $2.3m. It reported 80 employees.