Monticello Area Education Foundation

Analysis

Monticello Area Education Foundation is a registered charity in United States, based in Monticello, IL. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Monticello Area Education Foundation reported income of $111k and spending of $115k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $157k to $111k (-29%), an average of -8.3% a year. The sharpest change came in the year to December 2022, when income rose by 63%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Monticello Area Education Foundation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within IL. Charities of a similar size with the same main cause include International Field Directors and Technologies Incorporated ($111k), Trenton Literacy Movement Inc ($111k) and Meadow Ridge Elementary Parent Teacher Organization ($111k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $654k against liabilities of $25k, net assets of $630k.