Community Foundation of Monroe County

Analysis

Community Foundation of Monroe County is a registered charity in United States, based in Monroe, MI. It received its IRS tax-exemption ruling in June 1979, 47 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Community Foundation of Monroe County reported income of $2.5m and spending of $1.1m, leaving 57% of income unspent that year. The sharpest change came in the year to March 2023, when income dropped by 106%. Over the whole period it spent 47% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation of Monroe County sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within MI. Charities of a similar size with the same main cause include Association of Fundraising Professionals ($2.5m), El Rio Health Center Foundation Inc ($2.5m) and The Jewish Federation of Fort Worth and Tarrant County ($2.5m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 11% of the total. Other salaries and wages came to $191k. At year end it held assets of $16.2m against liabilities of $1.6m, net assets of $14.6m. It reported 3 employees.