Monument Impact

Analysis

Monument Impact is a registered charity in United States, based in Concord, CA. It received its IRS tax-exemption ruling in October 2001, 25 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, Monument Impact reported income of $4.2m and spending of $2.9m, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $4.2m (+223%), an average of +34% a year. The sharpest change came in the year to December 2020, when income rose by 161%. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Monument Impact sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include New Mexico Community Capital ($4.2m), Bedford County Development Association ($4.2m) and The Nemasket Group Inc ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 5.8% of the total. Compensation of current officers, directors and key employees was $135k (4.7% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $4.2m against liabilities of $759k, net assets of $3.5m. It reported 23 employees.