Model City Makerspace

Analysis

Model City Makerspace is a registered charity in United States, based in Kingsport, TN. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover science and technology, 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 2024, Model City Makerspace reported income of $91k and spending of $100k, spending 110% of what it took in. Across the 4 years on record, from June 2020 to June 2024, income fell from $356k to $91k (-74%), an average of -36% a year. The sharpest change came in the year to June 2022, when income dropped by 76%. Over the whole period it spent 51% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Model City Makerspace sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within TN. Charities of a similar size with the same main cause include House of Turkey ($91k), Doolittles Station ($91k) and Tekhne Collective ($91k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 57% of the total. Other salaries and wages came to $28k. At year end it held assets of $282k against liabilities of $0, net assets of $282k. It reported 3 employees.