Monmouth College

Analysis

Monmouth College is a registered charity in United States, based in Monmouth, IL. It received its IRS tax-exemption ruling in May 1936, 90 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Monmouth College reported income of $55.5m and spending of $59.1m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $53.8m to $55.5m (+3.3%), an average of +0.8% a year. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Monmouth College sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IL. Charities of a similar size with the same main cause include Buena Vista University ($55.5m), American Indian College Fund ($55.5m) and Davis & Elkins College ($55.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $943k (1.6% of expenses). Other salaries and wages came to $13.1m. At year end it held assets of $224.6m against liabilities of $29.3m, net assets of $195.3m. It reported 711 employees.