School of Arts and Culture at MHP

Analysis

School of Arts and Culture at MHP is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in July 2011, 15 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, School of Arts and Culture at MHP reported income of $7.4m and spending of $5.3m, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $7.4m (+205%), an average of +32% a year. The sharpest change came in the year to June 2021, when income rose by 45%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, School of Arts and Culture at MHP sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Indianapolis Symphony Orchestra Fou Ndation Inc ($7.4m), Adventure Science Center Nashville ($7.4m) and Crocker Art Museum Foundation ($7.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $282k (5.3% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $18.0m against liabilities of $2.7m, net assets of $15.3m. It reported 75 employees.