Pierre Monteux Memorial Foundation

Analysis

Pierre Monteux Memorial Foundation is a registered charity in United States, based in Hancock, ME. It received its IRS tax-exemption ruling in February 1973, 53 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Pierre Monteux Memorial Foundation reported income of $536k and spending of $338k, leaving 37% of income unspent that year. Across the 4 years on record, from August 2020 to August 2023, income grew from $200k to $536k (+168%), an average of +39% a year. The sharpest change came in the year to August 2021, when income rose by 122%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pierre Monteux Memorial Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within ME. Charities of a similar size with the same main cause include Yosemite Climbing Association ($535k), Northwest P E G TV Incorporated ($536k) and Avanzamos Unidos ($535k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 57% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $32k (9.5% of expenses). Other salaries and wages came to $34k. At year end it held assets of $2.3m against liabilities of $83k, net assets of $2.2m. It reported 4 employees.