Masterpiece Ministries Inc

Analysis

Masterpiece Ministries Inc is a registered charity in United States, based in Lebanon, TN. It received its IRS tax-exemption ruling in February 2014, 12 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, Masterpiece Ministries Inc reported income of $89k and spending of $102k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $107k to $89k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Masterpiece Ministries Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within TN. Charities of a similar size with the same main cause include Friends of the Army Womens Museum Association ($89k), Center Stage Theatre Inc ($89k) and Gujarati Samaj of Greater Austin ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 18% of the total. At year end it held assets of $64k against liabilities of $1,916, net assets of $62k.