Mom Art Annex

Analysis

Mom Art Annex is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in November 2019, 7 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 April 2024, Mom Art Annex reported income of $87k and spending of $52k, leaving 40% of income unspent that year. Across the 2 years on record, from April 2023 to April 2024, income grew from $25k to $87k (+250%), an average of +250% a year. The sharpest change came in the year to April 2024, when income rose by 250%. Over the whole period it spent 55% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mom Art Annex sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 36th percentile within FL. Charities of a similar size with the same main cause include Varsity Center for the Arts Inc ($87k), Spring Grove Area Historical Preservation Society ($87k) and Ndi Igdo in Wisconsin ($87k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 91% and program service revenue 6.3% of the total. At year end it held assets of $57k against liabilities of $1,760, net assets of $55k.