Monroe Community College Foundation Inc

Analysis

Monroe Community College Foundation Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in November 1983, 43 years ago. 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 August 2023, Monroe Community College Foundation Inc reported income of $6.9m and spending of $9.6m, spending 140% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $5.3m to $6.9m (+30%), an average of +6.7% a year. The sharpest change came in the year to August 2022, when income rose by 79%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Monroe Community College Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Stewartville Nursing Home Inc ($6.9m), Rugby School ($6.9m) and Natl Conference on Public Employee Retirement Systems Irrv TR ($6.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $870k. At year end it held assets of $27.4m against liabilities of $2.0m, net assets of $25.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.