Monadnock Music

Analysis

Monadnock Music is a registered charity in United States, based in Peterborough, NH. It received its IRS tax-exemption ruling in April 1969, 57 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 September 2024, Monadnock Music reported income of $189k and spending of $226k, spending 120% of what it took in. Across the 6 years on record, from September 2019 to September 2024, income fell from $246k to $189k (-23%), an average of -5.1% a year. The sharpest change came in the year to September 2021, when income rose by 91%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Monadnock Music sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within NH. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($189k), Andover Baseball Association ($189k) and Peter M Goodrich Memorial Foundation ($189k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 48% and program service revenue 26% of the total. Other salaries and wages came to $71k. At year end it held assets of $1.5m against liabilities of $14k, net assets of $1.5m. It reported 1 employees.