Monarch Arts Education Inc

Analysis

Monarch Arts Education Inc is a registered charity in United States, based in Tomball, TX. It received its IRS tax-exemption ruling in September 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2022, Monarch Arts Education Inc reported income of $165k and spending of $93k, leaving 44% of income unspent that year. Across the 2 years on record, from August 2020 to August 2022, income grew from $48k to $165k (+245%), an average of +245% a year. The sharpest change came in the year to August 2022, when income rose by 245%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Monarch Arts Education Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within TX. Charities of a similar size with the same main cause include Museo Del Reciclaje Inc ($165k), Kirkland Dance Center ($165k) and Society for Historians of the Early American Republic -Shear- Inc ($165k).

On its Form 990 for the period ending August 2022, revenue came from contributions and grants 54% of the total. At year end it held assets of $104k against liabilities of $0, net assets of $104k.