Monarch 61 Project Inc

Analysis

Monarch 61 Project Inc is a registered charity in United States, based in Van Buren, AR. It received its IRS tax-exemption ruling in October 2021, 5 years ago. 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 61 Project Inc reported income of $189k and spending of $201k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $200k to $189k (-5.7%), an average of -5.7% a year. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Monarch 61 Project Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 53rd percentile within AR. Charities of a similar size with the same main cause include Goshen County Library Foundation Inc ($189k), Union New Jersey Little League ($189k) and Chesterfield-Colonial Heights Alliance for Social Ministry ($189k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $25k (12% of expenses). Other salaries and wages came to $86k. At year end it held assets of $51k against liabilities of $4,322, net assets of $47k. It reported 8 employees.