Mineral Area Fine Arts Academy Inc

Analysis

Mineral Area Fine Arts Academy Inc is a registered charity in United States, based in Park Hills, MO. It received its IRS tax-exemption ruling in July 2021, 5 years ago. 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, Mineral Area Fine Arts Academy Inc reported income of $236k and spending of $255k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $211k to $236k (+12%), an average of +12% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mineral Area Fine Arts Academy Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within MO. Charities of a similar size with the same main cause include Price Pottenger Nutrition Foundation ($236k), Sisters of Bethany ($236k) and Nami-Kane-South Dekalb & Kendall Counties Inc ($236k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. At year end it held assets of $49k against liabilities of $0, net assets of $49k.