Arts Council for Monterey County

Analysis

Arts Council for Monterey County is a registered charity in United States, based in Monterey, CA. It received its IRS tax-exemption ruling in July 1982, 44 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 June 2023, Arts Council for Monterey County reported income of $2.4m and spending of $1.9m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $2.4m (+80%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 54%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts Council for Monterey County sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Thunderbird Lodge Preservation Society ($2.4m), The Center for Systems Awareness Inc ($2.4m) and International Folk Art Alliance Inc ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $163k (8.3% of expenses). Other salaries and wages came to $779k. At year end it held assets of $2.2m against liabilities of $609k, net assets of $1.6m. It reported 42 employees.