Fresh Start of Monroe Inc

Analysis

Fresh Start of Monroe Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Fresh Start of Monroe Inc reported income of $1.6m and spending of $1.5m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.6m (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2021, when income rose by 46%. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fresh Start of Monroe Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Jewish Home Care Services Inc a Calif Non-Profit Bene Corp ($1.6m), Matthew Senior Housing Corporation ($1.6m) and Guadalupe Community Development Corporation Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $52k (3.5% of expenses). Other salaries and wages came to $282k. At year end it held assets of $143k against liabilities of $0, net assets of $143k. It reported 19 employees.