Monrovia Reads Inc

Analysis

Monrovia Reads Inc is a registered charity in United States, based in Monrovia, CA. It received its IRS tax-exemption ruling in March 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Monrovia Reads Inc reported income of $95k and spending of $101k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $101k to $95k (-5.9%), an average of -5.9% a year. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Monrovia Reads Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 38th percentile within CA. Charities of a similar size with the same main cause include Sohran Education for Live ($95k), Mujeres Migrantes En Progreso ($95k) and Florida Society of Health-System Pharmacists RSRCH & Educ FDN Inc ($95k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $126k against liabilities of $0, net assets of $126k.