Monument Legacy Inc

Analysis

Monument Legacy Inc is a registered charity in United States, based in Carmel, IN. It received its IRS tax-exemption ruling in June 2020, 6 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, Monument Legacy Inc reported income of $390k and spending of $118k, leaving 70% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $4.0m to $390k (-90%), an average of -54% a year. The sharpest change came in the year to December 2022, when income dropped by 188%. Over the whole period it spent 52% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Monument Legacy Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within IN. Charities of a similar size with the same main cause include Peoples Club of Nigeria International Houston Branch ($390k), Rosendale Theatre Collective ($390k) and Miami Youth Ballet Inc ($390k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% of the total. At year end it held assets of $2.5m against liabilities of $0, net assets of $2.5m.