Monument Arts and Cultural Center

Analysis

Monument Arts and Cultural Center is a registered charity in United States, based in Bennington, VT. It received its IRS tax-exemption ruling in January 1993, 33 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, Monument Arts and Cultural Center reported income of $107k and spending of $141k, spending 131% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $462k to $107k (-77%), an average of -77% a year. The sharpest change came in the year to December 2023, when income dropped by 77%. Over the whole period it spent 43% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Monument Arts and Cultural Center sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 29th percentile within VT. Charities of a similar size with the same main cause include Vega Volunteer Fire Dept & Ambulance Service ($107k), Gospel Net Ministries and Evangelistic Association Inc ($107k) and Burke County Literacy Council Inc ($107k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. At year end it held assets of $611k against liabilities of $285k, net assets of $326k.