Monarch Ministries

Analysis

Monarch Ministries is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Monarch Ministries reported income of $200k and spending of $217k, spending 108% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $219k to $200k (-8.7%), an average of -4.5% a year. The sharpest change came in the year to December 2022, when income dropped by 21%. Over the whole period it spent 107% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Monarch Ministries sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within IL. Charities of a similar size with the same main cause include Ryosen-An Hawaii Betsuin ($200k), Friends of Chabad at McGill University ($200k) and Mercy Seat Assembly ($200k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% of the total. Compensation of current officers, directors and key employees was $111k (51% of expenses). Other salaries and wages came to $2,112. At year end it held assets of $30k against liabilities of $80k, net assets of -$50k. It reported 4 employees.