Monterey Institute for Research in Astronomy

Analysis

Monterey Institute for Research in Astronomy is a registered charity in United States, based in Marina, CA. It received its IRS tax-exemption ruling in November 1972, 54 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Monterey Institute for Research in Astronomy reported income of $431k and spending of $366k, spending 85% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $1.9m to $431k (-77%), an average of -39% a year. The sharpest change came in the year to December 2023, when income rose by 92%. Over the whole period it spent 58% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Monterey Institute for Research in Astronomy sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Poplar Grove Foundation Inc ($431k), Threads Dance Project ($431k) and Dellora a Norris Cultural Arts Center Ltd ($431k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 0.1% of the total. Other salaries and wages came to $246k. At year end it held assets of $4.7m against liabilities of $2,347, net assets of $4.7m. It reported 6 employees.