Monroe Area Council for the Arts

Analysis

Monroe Area Council for the Arts is a registered charity in United States, based in Madisonville, TN. It received its IRS tax-exemption ruling in March 1997, 29 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 June 2024, Monroe Area Council for the Arts reported income of $141k and spending of $137k, spending 98% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $134k to $141k (+5.3%), an average of +5.3% a year. 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 Area Council for the Arts sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within TN. Charities of a similar size with the same main cause include Acting for Young People Inc ($141k), Sound Board ($141k) and Lakeville North Band Boosters ($141k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 51% and program service revenue 13% of the total. At year end it held assets of $51k against liabilities of $0, net assets of $51k.