Monroe Arts Center Inc

Analysis

Monroe Arts Center Inc is a registered charity in United States, based in Monroe, WI. It received its IRS tax-exemption ruling in June 1975, 51 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 August 2023, Monroe Arts Center Inc reported income of $916k and spending of $528k, leaving 42% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $494k to $916k (+86%), an average of +17% a year. The sharpest change came in the year to August 2023, when income rose by 123%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Monroe Arts Center Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within WI. Charities of a similar size with the same main cause include National Academy of Human Resources Foundation ($916k), Junior Players Guild ($916k) and Midland Odessa Symphony and Chorale Inc ($916k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 84% and program service revenue 9.5% of the total. Compensation of current officers, directors and key employees was $71k (13% of expenses). Other salaries and wages came to $75k. At year end it held assets of $4.7m against liabilities of $105k, net assets of $4.6m. It reported 6 employees.