Monclova Historical Foundation

Analysis

Monclova Historical Foundation is a registered charity in United States, based in Monclova, OH. It received its IRS tax-exemption ruling in January 1998, 28 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Monclova Historical Foundation reported income of $64k and spending of $98k, spending 152% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $79k to $64k (-19%), an average of -5.0% a year. The sharpest change came in the year to December 2020, when income dropped by 32%. Over the whole period it spent 132% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Monclova Historical Foundation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within OH. Charities of a similar size with the same main cause include Northwest Ottawa Economic Development Corporation ($64k), Afghan American Chamber of Commerce ($64k) and Junior League of Topeka Inc ($64k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% of the total. Other salaries and wages came to $58k. At year end it held assets of $758k against liabilities of $68k, net assets of $690k. It reported 1 employees.

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.