Monterey History and Art Association

Analysis

Monterey History and Art Association is a registered charity in United States, based in Monterey, CA. It received its IRS tax-exemption ruling in November 2017, 9 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 September 2023, Monterey History and Art Association reported income of $356k and spending of $417k, spending 117% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $163k to $356k (+118%), an average of +21% a year. The sharpest change came in the year to September 2022, when income rose by 319%. Over the whole period it spent 117% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Monterey History and Art Association sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Jourdan Bachman Pioneer Farms Foundation Inc ($356k), Samuel Harrison Society Inc ($356k) and Cassidy Theatre Inc ($356k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 38% and program service revenue 33% of the total. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.