Monroe Senior and Community Center

Analysis

Monroe Senior and Community Center is a registered charity in United States, based in Altoona, IA. It received its IRS tax-exemption ruling in March 2023, 3 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Senior and Community Center reported income of $168k and spending of $59k, leaving 65% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income fell from $349k to $168k (-52%), an average of -52% a year. The sharpest change came in the year to June 2024, when income dropped by 52%. Over the whole period it spent 14% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Monroe Senior and Community Center sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within IA. Charities of a similar size with the same main cause include Hope Restored Human Services Inc ($168k), Nehemiah Project Covenant of Love ($168k) and Heart of the Hills Food Harvest Inc ($168k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 86% of the total. At year end it held assets of $447k against liabilities of $0, net assets of $447k.