Maelstrom Collaborative Arts

Analysis

Maelstrom Collaborative Arts is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in May 2013, 13 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 June 2023, Maelstrom Collaborative Arts reported income of $79k and spending of $103k, spending 130% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $136k to $79k (-42%), an average of -42% a year. The sharpest change came in the year to June 2023, when income dropped by 42%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Maelstrom Collaborative Arts sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within OH. Charities of a similar size with the same main cause include Georgetown Heritage Society ($79k), Burlycares ($79k) and Ebenezer Bryce Foundation ($79k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 8.2% of the total. At year end it held assets of $16k against liabilities of $1,026, net assets of $15k.