Monticello Academy Inc
Monticello Academy Inc shows consistent growth and balanced spending with no reported officer compensation.
EIN: 204303874 · W Valley City, UT · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $14.6M |
| Total Expenses | $11.9M |
| Program Spending | 90% |
| Net Assets | $835K |
| Transparency Score | 85/100 |
Is Monticello Academy Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Monticello Academy Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Monticello Academy Inc
Monticello Academy Inc (EIN: 204303874) is a nonprofit organization based in W Valley City, UT, classified under NTEE code B29. The organization reported total revenue of $14.6M and total assets of $22.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Monticello Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Monticello Academy Inc is a large nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.9M |
| Total Expenses | $11.9M |
| Surplus / Deficit | +$3K |
| Total Assets | $23.0M |
| Total Liabilities | $22.1M |
| Net Assets | $835K |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 96.4% |
| Months of Reserves | 23.2 months |
Financial Health Grade: B
In 2023, Monticello Academy Inc reported a surplus of $3K with revenue exceeding expenses, holds 23.2 months of operating reserves (strong position), has a debt-to-asset ratio of 96.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Monticello Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.0% | +27.0% | +18.4% |
| 2022 | +40.6% | +12.1% | +0.4% |
| 2021 | +43.6% | +48.4% | +68.1% |
| 2020 | -2.0% | +5.4% | -2.6% |
| 2019 | +0.2% | +3.5% | +1.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Monticello Academy Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Monticello Academy Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3K, with revenue exceeding expenses.
- Debt-to-asset ratio: 96.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers or that it is reported under other expense categories, or that leadership is entirely volunteer-based. This is a strong positive for resource allocation directly to the mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Monticello Academy Inc's IRS 990 filings:
- Significant increase in liabilities proportional to assets, suggesting reliance on debt financing.
Strengths
The following positive indicators were identified for Monticello Academy Inc:
- Consistent revenue growth over the past decade, from $4.7M in 2014 to $11.8M in 2023.
- Assets have more than doubled, from $11.2M in 2014 to $22.9M in 2023, indicating strong organizational growth.
- Expenses closely match revenue in recent years (e.g., 2023: $11,878,580 revenue vs. $11,876,078 expenses), demonstrating efficient resource utilization.
- 0% reported officer compensation across all filings, suggesting high dedication of funds to programs or volunteer leadership.
Frequently Asked Questions about Monticello Academy Inc
Is Monticello Academy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Monticello Academy Inc (EIN: 204303874) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Monticello Academy Inc spend its money?
Monticello Academy Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Monticello Academy Inc tax-deductible?
Monticello Academy Inc is registered as a tax-exempt nonprofit (EIN: 204303874). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Monticello Academy Inc's spending goes to programs?
Monticello Academy Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Monticello Academy Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Monticello Academy Inc is above average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Monticello Academy Inc located?
Monticello Academy Inc is headquartered in W Valley City, Utah and files with the IRS under EIN 204303874. It is classified under NTEE code B29.
How many years of IRS 990 filings does Monticello Academy Inc have?
Monticello Academy Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $14.6M in total revenue.
Is Monticello Academy Inc a good charity?
Based on the provided data, Monticello Academy Inc appears to be a financially stable organization with consistent growth and a strong commitment to its mission, as evidenced by its balanced spending and 0% reported officer compensation. Its NTEE code B29 indicates it is a K-12 school, and the financial data supports its operational capacity.
How has Monticello Academy Inc's financial health changed over time?
Monticello Academy Inc has experienced substantial financial growth over the past decade. Revenue increased from $4,708,115 in 2014 to $11,878,580 in 2023, and assets more than doubled from $11,281,891 to $22,952,325 in the same period. This indicates a robust expansion of its operations and financial capacity.
What is the organization's approach to executive compensation?
Monticello Academy Inc consistently reports 0% officer compensation in its IRS 990 filings. This suggests a highly efficient use of funds, either through volunteer leadership or by classifying executive compensation under other expense categories, which would require further investigation to confirm.
Filing History
IRS 990 filing history for Monticello Academy Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Monticello Academy Inc's revenue has grown by 164.3%, moving from $4.5M to $11.9M. Total assets increased by 109.5% over the same period, from $11.0M to $23.0M. Total functional expenses rose by 170.9%, from $4.4M to $11.9M. In its most recent filing year (2023), Monticello Academy Inc reported a surplus of $3K, with revenue exceeding expenses. The organization holds $22.1M in liabilities against $23.0M in assets (debt-to-asset ratio: 96.4%), resulting in net assets of $835K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11.9M | $11.9M | $23.0M | $22.1M | — | View 990 |
| 2022 | $11.0M | $9.4M | $19.4M | $18.6M | — | View 990 |
| 2021 | $7.8M | $8.3M | $19.3M | $20.1M | — | View 990 |
| 2020 | $5.4M | $5.6M | $11.5M | $10.1M | — | View 990 |
| 2019 | $5.6M | $5.3M | $11.8M | $10.2M | — | View 990 |
| 2018 | $5.5M | $5.2M | $11.7M | $10.3M | — | View 990 |
| 2017 | $5.2M | $5.0M | $11.7M | $10.7M | — | View 990 |
| 2016 | $4.8M | $4.4M | $11.6M | $10.9M | — | View 990 |
| 2015 | $4.7M | $4.4M | $11.2M | $10.9M | — | View 990 |
| 2014 | $4.7M | $4.7M | $11.3M | $11.2M | — | View 990 |
| 2013 | $4.6M | $4.5M | $11.1M | $11.1M | — | View 990 |
| 2012 | $4.6M | $4.5M | $11.0M | $11.1M | — | View 990 |
| 2011 | $4.5M | $4.4M | $11.0M | $11.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.9M, expenses of $11.9M, and assets of $23.0M (revenue +8.0% year-over-year).
- 2022: Revenue of $11.0M, expenses of $9.4M, and assets of $19.4M (revenue +40.6% year-over-year).
- 2021: Revenue of $7.8M, expenses of $8.3M, and assets of $19.3M (revenue +43.6% year-over-year).
- 2020: Revenue of $5.4M, expenses of $5.6M, and assets of $11.5M (revenue -2.0% year-over-year).
- 2019: Revenue of $5.6M, expenses of $5.3M, and assets of $11.8M (revenue +0.2% year-over-year).
- 2018: Revenue of $5.5M, expenses of $5.2M, and assets of $11.7M (revenue +6.4% year-over-year).
- 2017: Revenue of $5.2M, expenses of $5.0M, and assets of $11.7M (revenue +8.1% year-over-year).
- 2016: Revenue of $4.8M, expenses of $4.4M, and assets of $11.6M (revenue +3.0% year-over-year).
- 2015: Revenue of $4.7M, expenses of $4.4M, and assets of $11.2M (revenue -0.5% year-over-year).
- 2014: Revenue of $4.7M, expenses of $4.7M, and assets of $11.3M (revenue +1.7% year-over-year).
- 2013: Revenue of $4.6M, expenses of $4.5M, and assets of $11.1M (revenue +0.3% year-over-year).
- 2012: Revenue of $4.6M, expenses of $4.5M, and assets of $11.0M (revenue +2.7% year-over-year).
- 2011: Revenue of $4.5M, expenses of $4.4M, and assets of $11.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Monticello Academy Inc:
Data Sources and Methodology
This transparency report for Monticello Academy Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.