Monroe Manor Corporation

Analysis

Monroe Manor Corporation is a registered charity in United States, based in Farmington, NM. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Monroe Manor Corporation reported income of $62k and spending of $99k, spending 160% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $46k to $62k (+35%), an average of +7.7% a year. Over the whole period it spent 154% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Monroe Manor Corporation sits at the 14th percentile: it is larger than about 14% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 20th percentile within NM. Charities of a similar size with the same main cause include Central Point Rotary Foundation ($62k), Allies Homes Inc ($62k) and Anchors Supportive Housing Development Inc ($62k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 28% of the total. Other salaries and wages came to $11k. At year end it held assets of $659k against liabilities of $901k, net assets of -$242k.

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.