Monarch Joint Venture

Analysis

Monarch Joint Venture is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Monarch Joint Venture reported income of $3.0m and spending of $2.1m, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $873k to $3.0m (+249%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 76%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Monarch Joint Venture 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 89th percentile, and in the 88th percentile within MN. Charities of a similar size with the same main cause include Victory Christian Acadamy Inc ($3.0m), Stark State College Foundation ($3.0m) and Project Hope Alliance ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $123k (5.8% of expenses). Other salaries and wages came to $988k. At year end it held assets of $1.7m against liabilities of $148k, net assets of $1.6m. It reported 26 employees.