Mono Arts Council

Analysis

Mono Arts Council is a registered charity in United States, based in Mammoth Lakes, CA. It received its IRS tax-exemption ruling in June 1992, 34 years ago. 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 2023, Mono Arts Council reported income of $444k and spending of $385k, spending 87% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $305k to $444k (+46%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 82%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mono Arts Council sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Apollo Chamber Players ($444k), Cleveland County Schools Educational Foundation Inc ($444k) and PHF Housing Development Fund Company Inc ($444k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. Other salaries and wages came to $218k. It paid $16k in professional fundraising fees. At year end it held assets of $123k against liabilities of $56k, net assets of $67k. It reported 21 employees.