Monterey Foundation

Analysis

Monterey Foundation is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Foundation reported income of $149k and spending of $98k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $131k to $149k (+14%), an average of +14% a year. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Monterey Foundation sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 51st percentile within TX. Charities of a similar size with the same main cause include Maier and Associates Charitable Foundation ($149k), Shawnee Boosters ($149k) and Children First America Delaware County ($149k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 5.6% of the total. At year end it held assets of $475k against liabilities of $0, net assets of $475k.