Monterey Collegiate Foundation

Analysis

Monterey Collegiate Foundation is a registered charity in United States, based in Monterey, CA. It received its IRS tax-exemption ruling in August 2005, 21 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Monterey Collegiate Foundation reported income of $310k and spending of $184k, leaving 41% of income unspent that year. The sharpest change came in the year to May 2023, when income dropped by 35%. Over the whole period it spent 67% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Monterey Collegiate Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Vidar Affiliation Corporation ($309k), Endangered Language Alliance Inc ($310k) and Atlantic Community School Foundation ($309k).

At year end it held assets of $464k against liabilities of $5,519, net assets of $459k.