Monarch Health Services Inc

Analysis

Monarch Health Services Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Monarch Health Services Inc reported income of $3.0m and spending of $2.6m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $3.0m (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Monarch Health Services Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Helping Others Soar Foundation ($3.0m), Emergency Medical Service Institute ($3.0m) and Childrens Miracle Network of Greater St Louis ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% of the total. Compensation of current officers, directors and key employees was $258k (9.7% of expenses). Other salaries and wages came to $665k. At year end it held assets of $2.2m against liabilities of $782k, net assets of $1.4m. It reported 21 employees.