Monongalia County Arts Center Association Inc

Analysis

Monongalia County Arts Center Association Inc is a registered charity in United States, based in Morgantown, WV. It received its IRS tax-exemption ruling in August 1976, 50 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, Monongalia County Arts Center Association Inc reported income of $50k and spending of $58k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $59k to $50k (-15%), an average of -3.9% a year. The sharpest change came in the year to December 2022, when income rose by 88%. Over the whole period it spent 114% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Monongalia County Arts Center Association Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within WV. Charities of a similar size with the same main cause include Bellingham Chamber Music Society ($50k), Kewanee Historical Society ($50k) and The Centennial Culture Center Inc ($50k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.8% of the total. At year end it held assets of $23k against liabilities of $0, net assets of $23k.