Myles & Ruth Munroe Foundation

Analysis

Myles & Ruth Munroe Foundation is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in December 2015, 11 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 December 2023, Myles & Ruth Munroe Foundation reported income of $913k and spending of $907k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $509k to $913k (+79%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Myles & Ruth Munroe Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within GA. Charities of a similar size with the same main cause include Msu Beaver Boosters Inc ($912k), Sarah Foundation Inc ($913k) and SMC Development Inc ($910k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 81% of the total. At year end it held assets of $553k against liabilities of $7,153, net assets of $545k.