The Mon-Arc of Monroe Inc

Analysis

The Mon-Arc of Monroe Inc is a registered charity in United States, based in Monroe, MI. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, The Mon-Arc of Monroe Inc reported income of $130k and spending of $121k, spending 93% of its income. Across the 3 years on record, from September 2021 to September 2023, income fell from $224k to $130k (-42%), an average of -24% a year. The sharpest change came in the year to September 2022, when income rose by 271%. Over the whole period it spent 29% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Mon-Arc of Monroe Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 43rd percentile within MI. Charities of a similar size with the same main cause include Food Forest Collective ($130k), Salt Ministries ($130k) and Higbee Senior Citizens Center Inc ($130k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. Other salaries and wages came to $47k. At year end it held assets of $884k against liabilities of $13k, net assets of $870k. It reported 3 employees.