Heart for Monroe Inc

Analysis

Heart for Monroe Inc is a registered charity in United States, based in Monroe, NC. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Heart for Monroe Inc reported income of $78k and spending of $84k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $107k to $78k (-26%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Heart for Monroe Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within NC. Charities of a similar size with the same main cause include Tabernacle of Praise and Worshp Center Ministries Inc ($78k), Mount Olive Missionary Baptist Church ($78k) and Temple Aaron of Trinidad Colorado ($78k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5,524 against liabilities of $0, net assets of $5,524.