Mount Vernon Arts Consortium Inc

Analysis

Mount Vernon Arts Consortium Inc is a registered charity in United States, based in Mount Vernon, OH. It received its IRS tax-exemption ruling in January 2021, 5 years ago. 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 2023, Mount Vernon Arts Consortium Inc reported income of $623k and spending of $597k, spending 96% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $677k to $623k (-7.9%), an average of -4.0% a year. The sharpest change came in the year to December 2022, when income dropped by 17%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mount Vernon Arts Consortium Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within OH. Charities of a similar size with the same main cause include Chabad-Lubavitch of South Carolina Inc ($623k), School District of Independence Foundation Inc ($624k) and Austin Bar Foundation ($623k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $88k (15% of expenses). Other salaries and wages came to $177k. At year end it held assets of $189k against liabilities of $14k, net assets of $175k. It reported 17 employees.