Monroe Early Childhood Association Inc

Analysis

Monroe Early Childhood Association Inc is a registered charity in United States, based in Union, WV. It received its IRS tax-exemption ruling in March 1977, 49 years ago. 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 December 2023, Monroe Early Childhood Association Inc reported income of $454k and spending of $497k, spending 109% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $479k to $454k (-5.2%), an average of -1.8% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Monroe Early Childhood Association Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within WV. Charities of a similar size with the same main cause include Literacy Council of Norristown Inc ($454k), KFK Foundation Inc ($454k) and Memorial Park District of the City of St Clairsvile and of Richland ($454k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. Compensation of current officers, directors and key employees was $39k (7.8% of expenses). Other salaries and wages came to $223k. At year end it held assets of $267k against liabilities of $23k, net assets of $244k. It reported 27 employees.