Monument Academy Inc

Analysis

Monument Academy Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2014, 12 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, Monument Academy Inc reported income of $11.2m and spending of $11.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.5m to $11.2m (+6.5%), an average of +1.6% a year. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Monument Academy Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 88th percentile within DC. Charities of a similar size with the same main cause include Central Indiana Military Academy ($11.2m), Wake Christian Academy Inc ($11.2m) and California Virtual Academy - Sonoma ($11.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $519k (4.7% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $21.6m against liabilities of $15.4m, net assets of $6.3m. It reported 100 employees.