Montserrat College of Art Inc

Analysis

Montserrat College of Art Inc is a registered charity in United States, based in Beverly, MA. It received its IRS tax-exemption ruling in August 1993, 33 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Montserrat College of Art Inc reported income of $15.9m and spending of $16.1m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $15.9m to $15.9m (-0.5%), an average of -0.1% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Montserrat College of Art Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include Coral Academy of Science Reno ($15.9m), Hire Heroes USA ($15.9m) and Samueli Academy ($15.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $807k (5.0% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $21.3m against liabilities of $11.8m, net assets of $9.5m. It reported 296 employees.