Monarch River Academy

Analysis

Monarch River Academy is a registered charity in United States, based in Fresno, CA. It received its IRS tax-exemption ruling in September 2020, 6 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 June 2023, Monarch River Academy reported income of $18.8m and spending of $17.5m, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $8.7m to $18.8m (+116%), an average of +29% a year. The sharpest change came in the year to June 2023, when income rose by 45%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Monarch River Academy sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Elisabeth Morrow School ($18.8m), Educational Opportunities for Children and Families ($18.8m) and The Manhattan Childrens Center Inc ($18.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% of the total. Compensation of current officers, directors and key employees was $344k (2.0% of expenses). Other salaries and wages came to $6.3m. At year end it held assets of $6.5m against liabilities of $2.0m, net assets of $4.5m. It reported 87 employees.