Monroe Medical Foundation Inc

Analysis

Monroe Medical Foundation Inc is a registered charity in United States, based in Tompkinsville, KY. It received its IRS tax-exemption ruling in March 1979, 47 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending February 2023, Monroe Medical Foundation Inc reported income of $20.9m and spending of $21.8m, spending 105% of its income. Across the 5 years on record, from February 2019 to February 2023, income grew from $20.2m to $20.9m (+3.7%), an average of +0.9% a year. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Monroe Medical Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within KY. Charities of a similar size with the same main cause include Village South Inc ($20.9m), Evans Memorial Hospital Inc ($20.9m) and Fulcrum Foundation Inc ($20.9m).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $1.1m (5.2% of expenses). Other salaries and wages came to $10.3m. At year end it held assets of $32.1m against liabilities of $2.8m, net assets of $29.3m. It reported 295 employees.