Monroe Foundation Inc

Analysis

Monroe Foundation Inc is a registered charity in United States, based in New Rochelle, NY. It received its IRS tax-exemption ruling in October 1993, 33 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Foundation Inc reported income of $364k and spending of $436k, spending 120% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $249k to $364k (+46%), an average of +10% a year. The sharpest change came in the year to August 2021, when income rose by 276%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Monroe Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Huaxia Chinese School N Y Inc ($364k), Oregon Masonic Charitable Foundation Inc ($364k) and Missouri River Educational Cooperative Foundation ($364k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $2.5m against liabilities of $636k, net assets of $1.9m.