Monarch

Analysis

Monarch is a registered charity in United States, based in Albemarle, NC. It received its IRS tax-exemption ruling in June 1982, 44 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Monarch reported income of $96.1m and spending of $98.1m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $85.9m to $96.1m (+12%), an average of +2.8% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Monarch sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within NC. Charities of a similar size with the same main cause include Portable Practical Educational Preparation Inc ($96.1m), Wind Crest Inc ($96.3m) and Lifeworks Services Inc ($95.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.3% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $2.1m (2.1% of expenses). Other salaries and wages came to $62.5m. At year end it held assets of $45.4m against liabilities of $22.5m, net assets of $22.9m. It reported 2,052 employees.