Monadnock Worksource Inc

Analysis

Monadnock Worksource Inc is a registered charity in United States, based in Peterborough, NH. It received its IRS tax-exemption ruling in October 1972, 54 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 June 2023, Monadnock Worksource Inc reported income of $2.2m and spending of $2.1m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $2.2m (+21%), an average of +4.9% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Monadnock Worksource Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within NH. Charities of a similar size with the same main cause include Phoenixville Area Childrens Learning Center Inc ($2.2m), Mobile Meals of Toledo Inc ($2.2m) and Ross County Agricultural Society ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.9% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $76k (3.6% of expenses). Other salaries and wages came to $767k. At year end it held assets of $1.7m against liabilities of $191k, net assets of $1.5m. It reported 53 employees.