Marfa Studio of Arts Inc

Analysis

Marfa Studio of Arts Inc is a registered charity in United States, based in Marfa, TX. It received its IRS tax-exemption ruling in May 2000, 26 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, Marfa Studio of Arts Inc reported income of $84k and spending of $83k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $99k to $84k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Marfa Studio of Arts Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 34th percentile within TX. Charities of a similar size with the same main cause include Columbia Vantage Point Foundation Inc ($84k), Dublin Community Center ($84k) and Mountain Laurel Autoharp Gathering Inc ($84k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 61% of the total. At year end it held assets of $33k against liabilities of $2,566, net assets of $30k.