Monroe Community Sports Centre Corporation

Analysis

Monroe Community Sports Centre Corporation is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Monroe Community Sports Centre Corporation reported income of $3.3m and spending of $4.0m, spending 124% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.4m to $3.3m (-4.8%), an average of -1.2% a year. The sharpest change came in the year to June 2022, when income rose by 43%. Over the whole period it spent 114% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Monroe Community Sports Centre Corporation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Pentagon Federal Credit Union FDN Penfed Foundation ($3.3m), Philly Races Inc ($3.3m) and Hands in 4 Youth Inc ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 92% of the total. Other salaries and wages came to $850k. At year end it held assets of $11.9m against liabilities of $27.9m, net assets of -$16.0m. It reported 99 employees.

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.