James Monroe Memorial Foundation

Analysis

James Monroe Memorial Foundation is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in August 1951, 75 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, James Monroe Memorial Foundation reported income of $52k and spending of $37k, leaving 29% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $30k to $52k (+78%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 104%. Over the whole period it spent 226% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, James Monroe Memorial Foundation sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 20th percentile within VA. Charities of a similar size with the same main cause include Anchor Arts Management Inc ($52k), Seminole Cultural Arts Council ($52k) and North County Coalition for the Arts ($52k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 67% of the total. At year end it held assets of $126k against liabilities of $0, net assets of $126k.