Fort Monroe Foundation

Analysis

Fort Monroe Foundation is a registered charity in United States, based in Fort Monroe, VA. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Fort Monroe Foundation reported income of $131k and spending of $94k, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $890k to $131k (-85%), an average of -38% a year. The sharpest change came in the year to June 2021, when income dropped by 60%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fort Monroe Foundation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 43rd percentile within VA. Charities of a similar size with the same main cause include Lawrence Childrens Choir Inc ($131k), Arts Access South Carolina ($131k) and Friends of the St Augustine Amphitheatre Inc ($131k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $290k against liabilities of $0, net assets of $290k.