Monterey Bay Educational Center

Analysis

Monterey Bay Educational Center is a registered charity in United States, based in Monterey, CA. It received its IRS tax-exemption ruling in October 2024, 2 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 Bay Educational Center reported income of $150k and spending of $148k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $358k to $150k (-58%), an average of -20% a year. The sharpest change came in the year to December 2022, when income dropped by 48%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Monterey Bay Educational Center sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 49th percentile within CA. Charities of a similar size with the same main cause include Noble Crossing Elementary School Parent Teacher Organization ($150k), Safetynet Youthcare Inc ($150k) and Aberdeen Rotary Club Charities Inc ($150k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 4.5% of the total. Compensation of current officers, directors and key employees was $16k (11% of expenses). Other salaries and wages came to $45k. At year end it held assets of $4,377 against liabilities of $3,363, net assets of $1,014. It reported 7 employees.