Materials Exchange Center for Community Arts

Analysis

Materials Exchange Center for Community Arts is a registered charity in United States, based in Eugene, OR. It received its IRS tax-exemption ruling in November 2001, 25 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 (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 2023, Materials Exchange Center for Community Arts reported income of $420k and spending of $422k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $238k to $420k (+76%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 35%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Materials Exchange Center for Community Arts sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within OR. Charities of a similar size with the same main cause include Clancy Works Inc ($419k), Community Theater Inc ($420k) and Chester Housing Initiatives Inc ($419k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $58k (14% of expenses). Other salaries and wages came to $137k. At year end it held assets of $200k against liabilities of $76k, net assets of $124k. It reported 4 employees.