Menlo Charter Properties

Analysis

Menlo Charter Properties is a registered charity in United States, based in Redondo Beach, CA. It received its IRS tax-exemption ruling in December 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Menlo Charter Properties reported income of $4.7m and spending of $1.9m, leaving 59% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $682k to $4.7m (+585%), an average of +62% a year. The sharpest change came in the year to June 2023, when income rose by 315%. Over the whole period it spent 57% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Menlo Charter Properties sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Spanish American Basic Education and Rehabilitation Inc Saber ($4.7m), United Theological Seminary of the Twin Cities ($4.7m) and Boosters for Families ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 40% of the total. At year end it held assets of $37.0m against liabilities of $31.8m, net assets of $5.2m.