The Monkey & the Elephant

Analysis

The Monkey & the Elephant is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2023, The Monkey & the Elephant reported income of $232k and spending of $519k, spending 224% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $401k to $232k (-42%), an average of -17% a year. The sharpest change came in the year to June 2023, when income dropped by 60%. Over the whole period it spent 106% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Monkey & the Elephant sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within PA. Charities of a similar size with the same main cause include White Plains Beautification Foundation Inc ($232k), Pregnancy Outreach Clinic of Miles City ($232k) and Economic Development Unit Inc ($232k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $75k (14% of expenses). At year end it held assets of $239k against liabilities of $159k, net assets of $80k. It reported 16 employees.