Monroe Joint Venture Inc

Analysis

Monroe Joint Venture Inc is a registered charity in United States, based in New Glarus, WI. It received its IRS tax-exemption ruling in November 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Monroe Joint Venture Inc reported income of $1.7m and spending of $2.0m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $1.7m (+13%), an average of +3.0% a year. The sharpest change came in the year to June 2023, when income rose by 94%. Over the whole period it spent 123% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Monroe Joint Venture Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within WI. Charities of a similar size with the same main cause include Forever Families Inc ($1.7m), Nobodys Perfect Inc ($1.7m) and The Credit Bureau of Baton Rouge Foundation ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $81k (4.0% of expenses). Other salaries and wages came to $642k. At year end it held assets of $3.3m against liabilities of $3.1m, net assets of $294k.

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.