Monhegan Associates Inc

Analysis

Monhegan Associates Inc is a registered charity in United States, based in Cape Eliz, ME. It received its IRS tax-exemption ruling in November 2009, 17 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 May 2023, Monhegan Associates Inc reported income of $102k and spending of $76k, leaving 25% of income unspent that year. Across the 4 years on record, from May 2020 to May 2023, income grew from $60k to $102k (+70%), an average of +19% a year. The sharpest change came in the year to May 2021, when income rose by 231%. Over the whole period it spent 65% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Monhegan Associates Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 31st percentile within ME. Charities of a similar size with the same main cause include Coldharbour Institute ($102k), Rewild Long Island Incorporated ($102k) and Rosedale Conservancy Inc ($102k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 67% and program service revenue 11% of the total. Other salaries and wages came to $37k. At year end it held assets of $689k against liabilities of $634, net assets of $689k. It reported 4 employees.