St Monica Academy Inc

Analysis

St Monica Academy Inc is a registered charity in United States, based in Montrose, CA. It received its IRS tax-exemption ruling in March 1946, 80 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, St Monica Academy Inc reported income of $3.8m and spending of $3.4m, spending 90% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.9m to $3.8m (+34%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, St Monica Academy Inc sits at the 87th percentile: it is larger than about 87% 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 African Bible Colleges Inc ($3.8m), Manor Montessori School Inc ($3.8m) and Sandpoint Charter Schools Inc ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $107k (3.1% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $3.8m against liabilities of $800k, net assets of $3.0m. It reported 47 employees.