The Monroe Institute

Analysis

The Monroe Institute is a registered charity in United States, based in Faber, VA. It received its IRS tax-exemption ruling in June 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Monroe Institute reported income of $4.2m and spending of $5.3m, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.6m to $4.2m (-7.3%), an average of -1.9% a year. The sharpest change came in the year to December 2022, when income rose by 67%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Monroe Institute sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within VA. Charities of a similar size with the same main cause include Muslim Public Affairs Council Foundation ($4.2m), Friends of NCSH Inc ($4.2m) and Cy-Hope Inc ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.0% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $148k (2.8% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $4.0m against liabilities of $1.6m, net assets of $2.4m. It reported 51 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.