Montgomery County Foundation for Performing Arts

Analysis

Montgomery County Foundation for Performing Arts is a registered charity in United States, based in Conroe, TX. It received its IRS tax-exemption ruling in March 1977, 49 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, Montgomery County Foundation for Performing Arts reported income of $463k and spending of $277k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $471k to $463k (-1.8%), an average of -0.5% a year. The sharpest change came in the year to December 2020, when income rose by 140%. Over the whole period it spent 44% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Montgomery County Foundation for Performing Arts sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Mission Possible ($463k), Collaborative Research & Designs for Agriculture ($463k) and Institute for Holotropics ($463k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $63k (23% of expenses). Other salaries and wages came to $46k. At year end it held assets of $2.1m against liabilities of $3,284, net assets of $2.1m. It reported 6 employees.