Monroe County Education Foundation Inc

Analysis

Monroe County Education Foundation Inc is a registered charity in United States, based in Key West, FL. It received its IRS tax-exemption ruling in January 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Monroe County Education Foundation Inc reported income of $2.4m and spending of $1.5m, leaving 37% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $2.8m to $2.4m (-13%), an average of -3.4% a year. The sharpest change came in the year to June 2022, when income rose by 125%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Monroe County Education Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Carters Christian Academy Inc ($2.4m), The Coalition for College Cost Savings ($2.4m) and Bend International School Inc ($2.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. At year end it held assets of $15.8m against liabilities of $4,158, net assets of $15.8m.