Blue Monarch

Analysis

Blue Monarch is a registered charity in United States, based in Monteagle, TN. It received its IRS tax-exemption ruling in November 2003, 23 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Blue Monarch reported income of $2.1m and spending of $1.5m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $2.1m (+58%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 85%. Over the whole period it spent 59% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Blue Monarch sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within TN. Charities of a similar size with the same main cause include Chesapeake Center Inc ($2.1m), Authority Redevelopment Corporation ($2.1m) and Council of State Administrators of Vocational Rehabilitation ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $79k (5.2% of expenses). Other salaries and wages came to $592k. At year end it held assets of $6.6m against liabilities of $44k, net assets of $6.6m. It reported 28 employees.