Monark Baptist Church

Analysis

Monark Baptist Church is a registered charity in United States, based in Neosho, MO. It received its IRS tax-exemption ruling in March 1965, 61 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Monark Baptist Church reported income of $206k and spending of $185k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $130k to $206k (+58%), an average of +58% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Monark Baptist Church 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 54th percentile, and in the 51st percentile within MO. Charities of a similar size with the same main cause include United Way of the Boyertown Area ($206k), Solid Waste Association of North America Inc ($206k) and Lutheran Military Veterans and Families Ministries ($206k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $11k (5.7% of expenses). At year end it held assets of $1.1m against liabilities of $400, net assets of $1.1m. It reported 1 employees.