Monument Academy

Analysis

Monument Academy is a registered charity in United States, based in Monument, CO. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Monument Academy reported income of $14.9m and spending of $15.7m, spending 106% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $7.9m to $14.9m (+88%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 29%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Monument Academy sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within CO. Charities of a similar size with the same main cause include Charter School of New Castle Inc ($14.9m), Shema Kolainu-Hear Our Voices ($14.9m) and French American School of Puget Sound ($14.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 7.9% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $240k (1.5% of expenses). Other salaries and wages came to $5.9m. At year end it held assets of $10.4m against liabilities of $18.2m, net assets of -$7.8m. It reported 241 employees.