National Monuments Foundation Inc

Analysis

National Monuments Foundation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in January 2004, 22 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 December 2021, National Monuments Foundation Inc reported income of $1.3m and spending of $1.5m, spending 121% of what it took in. Across the 3 years on record, from December 2019 to December 2021, income fell from $1.5m to $1.3m (-16%), an average of -8.5% a year. The sharpest change came in the year to December 2021, when income rose by 310%. Over the whole period it spent 170% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Monuments Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within GA. Charities of a similar size with the same main cause include Aci Center of Excellence for Carbon Neutral Concrete ($1.3m), Gulf Specimen Marine Laboratories Inc ($1.3m) and Frances Clark Center for Keyboard Pedagogy ($1.3m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 85% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $31k (2.0% of expenses). Other salaries and wages came to $176k. At year end it held assets of $15.5m against liabilities of $4.8m, net assets of $10.7m. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.