Media Art Xploration Inc

Analysis

Media Art Xploration Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Media Art Xploration Inc reported income of $484k and spending of $520k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $659k to $484k (-27%), an average of -7.4% a year. The sharpest change came in the year to December 2020, when income dropped by 45%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Media Art Xploration Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Angaza Technology Literacy Center NFP ($484k), Hub City Writers Project ($484k) and Six Points Theater ($484k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.5% of the total. Other salaries and wages came to $212k. At year end it held assets of $132k against liabilities of $17k, net assets of $116k. It reported 5 employees.