Main Street Monroe Inc

Analysis

Main Street Monroe Inc is a registered charity in United States, based in Monroe, WI. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Main Street Monroe Inc reported income of $271k and spending of $268k, spending 99% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $207k to $271k (+30%), an average of +9.3% a year. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Main Street Monroe Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within WI. Charities of a similar size with the same main cause include Rotary Zones 25 & 29 Foundation ($271k), Dynamic Community Development Corporation ($271k) and Homestead Valley Community Assn ($271k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $72k (27% of expenses). At year end it held assets of $59k against liabilities of $0, net assets of $59k. It reported 1 employees.