Monroe Community Media

Analysis

Monroe Community Media is a registered charity in United States, based in Monroe, MI. It received its IRS tax-exemption ruling in April 1990, 36 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2024, Monroe Community Media reported income of $221k and spending of $254k, spending 115% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $260k to $221k (-15%), an average of -4.0% a year. The sharpest change came in the year to June 2024, when income dropped by 18%. Over the whole period it spent 114% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Monroe Community Media sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within MI. Charities of a similar size with the same main cause include Kirkland Art Center Inc ($221k), Northville Historical Society Incorporated ($221k) and Lebanese Educational Center ($221k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 124% and program service revenue 7.0% of the total. Other salaries and wages came to $92k. At year end it held assets of $295k against liabilities of $61k, net assets of $234k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.