Montrose Center for the Arts

Analysis

Montrose Center for the Arts is a registered charity in United States, based in Montrose, CO. It received its IRS tax-exemption ruling in November 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Montrose Center for the Arts reported income of $57k and spending of $69k, spending 121% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $68k to $57k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Montrose Center for the Arts sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 19th percentile within CO. Charities of a similar size with the same main cause include Science Live Productions Inc ($57k), New Jersey Tamil Sangam Inc ($57k) and Renew Theaters Inc ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 6.9% of the total. At year end it held assets of $82k against liabilities of $1,717, net assets of $81k.