The Islamic Society of Monterey County

Analysis

The Islamic Society of Monterey County is a registered charity in United States, based in Monterey, CA. It received its IRS tax-exemption ruling in November 1985, 41 years ago. 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, The Islamic Society of Monterey County reported income of $179k and spending of $195k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $107k to $179k (+67%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 59%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Islamic Society of Monterey County sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Volunteers of America Inc ($179k), Town of Greenville ($179k) and Niobrara County Library Foundation Inc ($179k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 24% of the total. At year end it held assets of $471k against liabilities of $0, net assets of $471k.