Foundation of Monroe County Community Schools Inc

Analysis

Foundation of Monroe County Community Schools Inc is a registered charity in United States, based in Bloomington, IN. It received its IRS tax-exemption ruling in August 1976, 50 years ago. 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, Foundation of Monroe County Community Schools Inc reported income of $746k and spending of $514k, leaving 31% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $543k to $746k (+37%), an average of +8.3% a year. The sharpest change came in the year to August 2020, when income rose by 133%. Over the whole period it spent 54% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation of Monroe County Community Schools Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within IN. Charities of a similar size with the same main cause include A Growing Place Inc ($746k), Little Johns Restaurant Inc ($746k) and Society of Black Academic Surgeons Inc ($746k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 73% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $85k (17% of expenses). Other salaries and wages came to $3,694. At year end it held assets of $2.6m against liabilities of $143k, net assets of $2.4m. It reported 2 employees.