Monroe Community College Assn Inc

Analysis

Monroe Community College Assn Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in March 1963, 63 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Monroe Community College Assn Inc reported income of $9.1m and spending of $9.6m, spending 106% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $11.1m to $9.1m (-19%), an average of -6.6% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Monroe Community College Assn Inc 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 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include New Heights Charter School ($9.1m), Greatschools Inc ($9.1m) and Clarke School for the Deaf ($9.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.5% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $257k (2.7% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $45.6m against liabilities of $28.7m, net assets of $16.9m. It reported 222 employees.