Monarchcare Inc

Analysis

Monarchcare Inc is a registered charity in United States, based in Pompano Beach, FL. It received its IRS tax-exemption ruling in December 2002, 24 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, Monarchcare Inc reported income of $432k and spending of $389k, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $330k to $432k (+31%), an average of +7.0% a year. The sharpest change came in the year to June 2020, when income rose by 29%. 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, Monarchcare Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include Somerset County Mobile Food Bank ($432k), Exposure Skate ($432k) and Switch ($432k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.5% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $75k (19% of expenses). Other salaries and wages came to $185k. At year end it held assets of $239k against liabilities of $189k, net assets of $50k. It reported 9 employees.