Monarch School Project

Analysis

Monarch School Project is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in August 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Monarch School Project reported income of $6.6m and spending of $7.6m, spending 116% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $7.5m to $6.6m (-12%), an average of -4.3% a year. The sharpest change came in the year to June 2022, when income rose by 55%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Monarch School Project sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Rural Utah Child Development ($6.6m), Camden S Charter School Network ($6.6m) and Beacon Academy of Nevada ($6.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $255k (3.3% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $10.0m against liabilities of $904k, net assets of $9.1m. It reported 86 employees.