Tecnologico de Monterrey Foundation

Analysis

Tecnologico de Monterrey Foundation is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in November 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tecnologico de Monterrey Foundation reported income of $3.6m and spending of $679k, leaving 81% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $50k to $3.6m (+7159%), an average of +192% a year. The sharpest change came in the year to December 2021, when income rose by 1322%. Over the whole period it spent 46% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tecnologico de Monterrey Foundation 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 90th percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Monadnock Collaborative ($3.6m), Northern Summit Academy ($3.6m) and Damar Charter School Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3.3m against liabilities of $0, net assets of $3.3m.