Monroe Street Neighborhood Center

Analysis

Monroe Street Neighborhood Center is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in August 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Monroe Street Neighborhood Center reported income of $443k and spending of $282k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $221k to $443k (+100%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 52%. Over the whole period it spent 56% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Monroe Street Neighborhood Center sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within OH. Charities of a similar size with the same main cause include Matthews Ministry Inc ($443k), Loudoun Cares ($443k) and Church Community Outreach Services Inc ($443k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $48k (17% of expenses). Other salaries and wages came to $76k. At year end it held assets of $1.1m against liabilities of $14k, net assets of $1.1m. It reported 13 employees.