Masterpiece Initiative Inc

Analysis

Masterpiece Initiative Inc is a registered charity in United States, based in Marianna, FL. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Masterpiece Initiative Inc reported income of $174k and spending of $639k, spending 368% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income fell from $3.7m to $174k (-95%), an average of -95% a year. The sharpest change came in the year to December 2022, when income dropped by 95%. Over the whole period it spent 19% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Masterpiece Initiative Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 54th percentile within FL. Charities of a similar size with the same main cause include Darul Ahnaf Inc ($174k), Releasing Generations ($174k) and Open Word Ministries Inc ($174k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 1.1% and program service revenue 89% of the total. At year end it held assets of $3.6m against liabilities of $428k, net assets of $3.2m.