Monumental Sports & Entertainment Foundation

Analysis

Monumental Sports & Entertainment Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 2000, 26 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 June 2023, Monumental Sports & Entertainment Foundation reported income of $1.8m and spending of $1.7m, spending 97% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $1.4m to $1.8m (+29%), an average of +6.5% a year. The sharpest change came in the year to June 2022, when income rose by 66%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Monumental Sports & Entertainment Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 64th percentile within DC. Charities of a similar size with the same main cause include Rocker Family Foundation Inc ($1.8m), Groundwork Hudson Valley Inc ($1.8m) and Pickaway County Community Foundation ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% of the total. At year end it held assets of $2.1m against liabilities of $60k, net assets of $2.1m.