Monroe Educational Foundation

Analysis

Monroe Educational Foundation is a registered charity in United States, based in Monroe, LA. It received its IRS tax-exemption ruling in December 1970, 56 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Monroe Educational Foundation reported income of $1.9m and spending of $2.0m, spending 102% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.9m to $1.9m (+1.7%), an average of +0.4% a year. The sharpest change came in the year to July 2021, when income rose by 23%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Monroe Educational Foundation sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within LA. Charities of a similar size with the same main cause include Child Care Council of Orange County Inc ($1.9m), Madden Charities Inc ($1.9m) and Sierra Salem Christian Homes Inc ($1.9m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 3.5% and program service revenue 89% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $2.2m against liabilities of $1.6m, net assets of $554k. It reported 74 employees.