Monadnock Art X Tech

Analysis

Monadnock Art X Tech is a registered charity in United States, based in Peterborough, NH. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Monadnock Art X Tech reported income of $366k and spending of $343k, spending 94% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $239k to $366k (+53%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Monadnock Art X Tech sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within NH. Charities of a similar size with the same main cause include The Village Free School ($366k), Western Maryland Electrical Joint Apprenticeship & Training TR FD ($366k) and Association of Cancer Executives ($366k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $50k (15% of expenses). Other salaries and wages came to $55k. At year end it held assets of $188k against liabilities of $1,632, net assets of $186k. It reported 9 employees.