Monroe-Walton Center for the Arts Inc

Analysis

Monroe-Walton Center for the Arts Inc is a registered charity in United States, based in Monroe, GA. It received its IRS tax-exemption ruling in March 2002, 24 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, Monroe-Walton Center for the Arts Inc reported income of $238k and spending of $224k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $196k to $238k (+21%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Monroe-Walton Center for the Arts Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within GA. Charities of a similar size with the same main cause include Rice County Historical Society ($238k), St Louis Classical Guitar ($238k) and Northern Research Technical Assistance Center ($238k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $56k (25% of expenses). At year end it held assets of $101k against liabilities of $62k, net assets of $40k. It reported 4 employees.