Monument Health Inc

Analysis

Monument Health Inc is a registered charity in United States, based in Rapid City, SD. It received its IRS tax-exemption ruling in July 2006, 20 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Monument Health Inc reported income of $2.1m and spending of $2.2m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.6m to $2.1m (-20%), an average of -5.4% a year. The sharpest change came in the year to June 2020, when income dropped by 36%. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Monument Health Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within SD. Charities of a similar size with the same main cause include Bluefield Project to Cure Frontotemporal Dementia ($2.1m), Employers Health Foundation ($2.1m) and Harmony Emergency Medical Service Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $1.8m (82% of expenses). Other salaries and wages came to $72k. At year end it held assets of $181 against liabilities of $473k, net assets of -$472k. It reported 2 employees.