Monroe Foundation

Analysis

Monroe Foundation is a registered charity in United States, based in Hillside, IL. It received its IRS tax-exemption ruling in September 1997, 29 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 March 2024, Monroe Foundation reported income of $423k and spending of $500k, spending 118% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $128k to $423k (+232%), an average of +35% a year. The sharpest change came in the year to March 2021, when income rose by 287%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Monroe Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within IL. Charities of a similar size with the same main cause include Highland Green Foundation Inc ($423k), Korean Christian Mission USA ($423k) and Islamic Burial Services Association ($423k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $15k. At year end it held assets of $55k against liabilities of $0, net assets of $55k. It reported 1 employees.