Monarch Diamond Club

Analysis

Monarch Diamond Club is a registered charity in United States, based in Marysville, OH. It received its IRS tax-exemption ruling in October 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2024, Monarch Diamond Club reported income of $158k and spending of $235k, spending 149% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $129k to $158k (+22%), an average of +4.0% a year. The sharpest change came in the year to June 2021, when income rose by 82%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Monarch Diamond Club sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 49th percentile within OH. Charities of a similar size with the same main cause include Triangle Oktoberfest Rotary Foundation ($158k), Byron Community Ministries Inc ($158k) and Jeffrey Ahn Jr Fellowship Inc ($158k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.4% and program service revenue 1.3% of the total. At year end it held assets of $161k against liabilities of $0, net assets of $161k.