Nami Monterey County

Analysis

Nami Monterey County is a registered charity in United States, based in Salinas, CA. It received its IRS tax-exemption ruling in July 1991, 35 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 August 2023, Nami Monterey County reported income of $335k and spending of $229k, leaving 32% of income unspent that year. Across the 4 years on record, from August 2019 to August 2023, income grew from $252k to $335k (+33%), an average of +10% a year. The sharpest change came in the year to August 2023, when income rose by 41%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nami Monterey County sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Paralyzed Veterans of America ($335k), Harding Fine Arts Academy Foundation ($335k) and Leisure Education for Exceptional People Inc ($335k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 96% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $16k (6.9% of expenses). Other salaries and wages came to $122k. At year end it held assets of $459k against liabilities of $2,271, net assets of $457k. It reported 5 employees.