Monthly Review Foundation

Analysis

Monthly Review Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1980, 46 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, Monthly Review Foundation reported income of $1.4m and spending of $1.4m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.4m (+25%), an average of +5.6% a year. The sharpest change came in the year to December 2023, when income dropped by 36%. 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, Monthly Review Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Philadelphia Arts in Education Partnership ($1.4m), South Dakota Humanities Council ($1.4m) and Museum of the Southern Jewish Experience ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $143k (9.9% of expenses). Other salaries and wages came to $243k. At year end it held assets of $2.4m against liabilities of $163k, net assets of $2.3m. It reported 6 employees.