Wake Monarch

Analysis

Wake Monarch is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in July 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, Wake Monarch reported income of $298k and spending of $348k, spending 117% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $189k to $298k (+58%), an average of +58% a year. The sharpest change came in the year to June 2023, when income rose by 58%. Over the whole period it spent 122% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wake Monarch sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within NC. Charities of a similar size with the same main cause include Riverview High School Kiltie Band Boosters Inc ($298k), Cape Cod Christian Academy ($298k) and Video Game Palooza Inc ($298k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $83k (24% of expenses). Other salaries and wages came to $127k. At year end it held assets of $110k against liabilities of $15k, net assets of $96k. It reported 3 employees.