Monroe Senior Citizens Center Inc

Analysis

Monroe Senior Citizens Center Inc is a registered charity in United States, based in Monroe, MI. It received its IRS tax-exemption ruling in February 1980, 46 years ago. 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 Senior Citizens Center Inc reported income of $917k and spending of $900k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $742k to $917k (+24%), an average of +5.4% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Monroe Senior Citizens Center Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MI. Charities of a similar size with the same main cause include Arc of Mercer County ($917k), Pyoca Camp and Retreat Center Inc ($918k) and Mt Zion Development Corporation ($917k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $54k (6.1% of expenses). Other salaries and wages came to $364k. At year end it held assets of $410k against liabilities of $77k, net assets of $333k. It reported 17 employees.