Monticello College Inc

Analysis

Monticello College Inc is a registered charity in United States, based in Monticello, UT. It received its IRS tax-exemption ruling in August 2014, 12 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 December 2023, Monticello College Inc reported income of $195k and spending of $193k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $120k to $195k (+62%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Monticello College Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within UT. Charities of a similar size with the same main cause include Millard North High School Band Boosters Inc ($195k), Estill County Band Boosters Inc ($195k) and The City Schools Foundation ($195k).

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 $18k against liabilities of $0, net assets of $18k.