Monroe Charter Academy

Analysis

Monroe Charter Academy is a registered charity in United States, based in Harrisburg, NC. It received its IRS tax-exemption ruling in March 2019, 7 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, Monroe Charter Academy reported income of $1.8m and spending of $1.8m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $696k to $1.8m (+158%), an average of +37% a year. The sharpest change came in the year to June 2021, when income rose by 78%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Monroe Charter Academy sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include Wisconsin School Music Association Inc Wsma ($1.8m), St James S Children S Center ($1.8m) and French-American School of Boca Raton Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 0.3% of the total. Other salaries and wages came to $681k. At year end it held assets of $371k against liabilities of $352k, net assets of $20k. It reported 26 employees.