Monument Academy Foundation

Analysis

Monument Academy Foundation is a registered charity in United States, based in Monument, CO. It received its IRS tax-exemption ruling in May 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Monument Academy Foundation reported income of $1.9m and spending of $2.0m, spending 106% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $334k to $1.9m (+473%), an average of +55% a year. The sharpest change came in the year to June 2022, when income rose by 14503%. Over the whole period it spent 224% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Monument Academy Foundation 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 86th percentile, and in the 85th percentile within CO. Charities of a similar size with the same main cause include Kinderplatz of Fine Arts Inc ($1.9m), Arizona Latino Leaders in Education ($1.9m) and Boston Schools Fund Inc ($1.9m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 96% of the total. At year end it held assets of $22.3m against liabilities of $28.3m, net assets of -$6.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.