The Montpelier Center for Arts and Education Inc

Analysis

The Montpelier Center for Arts and Education Inc is a registered charity in United States, based in Montpelier, VA. It received its IRS tax-exemption ruling in January 1989, 37 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Montpelier Center for Arts and Education Inc reported income of $555k and spending of $508k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $269k to $555k (+106%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Montpelier Center for Arts and Education Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within VA. Charities of a similar size with the same main cause include International Society for Human Ethology ($555k), Longboat Key Foundation Inc ($555k) and Tom Tom Foundation ($555k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 42% of the total. Other salaries and wages came to $219k. At year end it held assets of $1.2m against liabilities of $8,557, net assets of $1.1m. It reported 12 employees.