Monarch Lifeworks

Analysis

Monarch Lifeworks is a registered charity in United States, based in Shaker Heights, OH. It received its IRS tax-exemption ruling in April 2015, 11 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 (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 Lifeworks reported income of $7.5m and spending of $7.2m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.8m to $7.5m (+57%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Monarch Lifeworks sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within OH. Charities of a similar size with the same main cause include Westchester Medical Center Foundation Inc ($7.5m), Diversity Health Center Inc ($7.5m) and Grace Hospital ($7.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.1% and program service revenue 97% of the total. Other salaries and wages came to $3.7m. At year end it held assets of $2.6m against liabilities of $814k, net assets of $1.8m. It reported 139 employees.