Monroe Street Arts Center Inc

Analysis

Monroe Street Arts Center Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in January 1997, 29 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Monroe Street Arts Center Inc reported income of $1.0m and spending of $1.0m, spending 97% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $844k to $1.0m (+23%), an average of +5.4% a year. The sharpest change came in the year to August 2021, when income rose by 27%. Over the whole period it spent 85% 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 Street Arts Center Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within WI. Charities of a similar size with the same main cause include Davis Arts Council Inc ($1.0m), Downtown Arts Theater Inc ($1.0m) and Mid-Hudson Childrens Museum ($1.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 6.2% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $56k (5.5% of expenses). Other salaries and wages came to $415k. At year end it held assets of $944k against liabilities of $146k, net assets of $798k. It reported 78 employees.