Monroe Association for Retarded Citizens Inc

Analysis

Monroe Association for Retarded Citizens Inc is a registered charity in United States, based in Key West, FL. It received its IRS tax-exemption ruling in September 1981, 45 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Monroe Association for Retarded Citizens Inc reported income of $3.9m and spending of $3.9m, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.5m to $3.9m (+12%), an average of +3.8% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Monroe Association for Retarded Citizens Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Community Against Violence Inc ($3.9m), Sauk Valley Foodbank ($3.9m) and Shoes and Clothes for Kids Inc ($3.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $120k (3.1% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $3.9m against liabilities of $393k, net assets of $3.5m. It reported 86 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.