Monterey Bay Charter School

Analysis

Monterey Bay Charter School is a registered charity in United States, based in Pacific Grove, CA. It received its IRS tax-exemption ruling in October 2009, 17 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, Monterey Bay Charter School reported income of $7.4m and spending of $6.6m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.9m to $7.4m (+49%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 35%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Monterey Bay Charter School sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Discovery Charter School Group ($7.4m), Booker T Washington Academy ($7.4m) and Iftin Charter School ($7.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $259k (3.9% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $3.9m against liabilities of $1.4m, net assets of $2.4m. It reported 112 employees.