Monroe Harding Inc

Analysis

Monroe Harding Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in July 1950, 76 years ago. 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 June 2023, Monroe Harding Inc reported income of $3.3m and spending of $3.8m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income grew from $3.1m to $3.3m (+8.2%), an average of +2.0% a year. The sharpest change came in the year to June 2020, when income rose by 93%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Monroe Harding 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 90th percentile, and in the 90th percentile within TN. Charities of a similar size with the same main cause include Pacific Northern Academy Inc ($3.3m), Just Food of Douglas County Inc ($3.3m) and Brain Injury Association of New Hampshire ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $215k (5.7% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $11.3m against liabilities of $483k, net assets of $10.8m. It reported 48 employees.