Monarch Awards Foundation of XI Nu Omega

Analysis

Monarch Awards Foundation of XI Nu Omega is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 1987, 39 years ago. 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 Awards Foundation of XI Nu Omega reported income of $421k and spending of $332k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $335k to $421k (+25%), an average of +5.8% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Monarch Awards Foundation of XI Nu Omega sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within IL. Charities of a similar size with the same main cause include Kansas School for Effective Learning Inc ($421k), Homecoming 250 Navy Marine Corps ($421k) and Magic Circle Players ($421k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 12% of the total. At year end it held assets of $382k against liabilities of $5,725, net assets of $376k.