Monroe Place Corporation

Analysis

Monroe Place Corporation is a registered charity in United States, based in S Burlington, VT. It received its IRS tax-exemption ruling in October 1995, 31 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Monroe Place Corporation reported income of $172k and spending of $159k, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $150k to $172k (+15%), an average of +3.5% a year. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Monroe Place Corporation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 41st percentile within VT. Charities of a similar size with the same main cause include Erb Adult Family Home Inc ($172k), Pa Dream House ($172k) and Invictus Development Group Inc ($172k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 54% and program service revenue 45% of the total. At year end it held assets of $684k against liabilities of $9,763, net assets of $675k.