The Monarch Learning Academy Inc

Analysis

The Monarch Learning Academy Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in November 2010, 16 years ago. 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 July 2023, The Monarch Learning Academy Inc reported income of $2.3m and spending of $2.3m, spending 102% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.6m to $2.3m (+43%), an average of +9.4% a year. The sharpest change came in the year to July 2022, when income rose by 27%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Monarch Learning Academy Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include First Concord Corporation ($2.3m), Delaware Riverkeeper Network ($2.3m) and E C Scranton Memorial Library ($2.3m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 7.2% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $107k (4.6% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $1.6m against liabilities of $462k, net assets of $1.1m. It reported 73 employees.