Monthaven Arts and Cultural Center

Analysis

Monthaven Arts and Cultural Center is a registered charity in United States, based in Hendersonvlle, TN. It received its IRS tax-exemption ruling in April 2015, 11 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 June 2023, Monthaven Arts and Cultural Center reported income of $770k and spending of $732k, spending 95% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $332k to $770k (+132%), an average of +32% a year. The sharpest change came in the year to June 2022, when income rose by 60%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Monthaven Arts and Cultural Center sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within TN. Charities of a similar size with the same main cause include New Orleans Ballet Inc ($770k), Durango Arts Center Inc ($770k) and Jupiter Symphony of New York Inc ($770k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 19% of the total. Other salaries and wages came to $249k. At year end it held assets of $690k against liabilities of $348k, net assets of $343k. It reported 11 employees.