Monroe Foundation Inc

Analysis

Monroe Foundation Inc is a registered charity in United States, based in Fairbanks, AK. It received its IRS tax-exemption ruling in November 1983, 43 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Monroe Foundation Inc reported income of $1.5m and spending of $863k, leaving 43% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.4m to $1.5m (+4.9%), an average of +1.6% a year. The sharpest change came in the year to June 2023, when income rose by 40%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Monroe Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within AK. Charities of a similar size with the same main cause include National Vaccine Information Center ($1.5m), PTA New York Congress ($1.5m) and Touchstone Community School Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $2.5m against liabilities of $151k, net assets of $2.4m.