Monterey Bay Veterans Inc

Analysis

Monterey Bay Veterans Inc is a registered charity in United States, based in Monterey, CA. It received its IRS tax-exemption ruling in April 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Veterans Inc reported income of $131k and spending of $212k, spending 161% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $180k to $131k (-27%), an average of -7.5% a year. The sharpest change came in the year to December 2022, when income rose by 1292%. Over the whole period it spent 130% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Monterey Bay Veterans Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 46th percentile within CA. Charities of a similar size with the same main cause include Wave Childrens Foundation ($131k), Greater Hilltop Area Shalom Zone CDC ($131k) and Society of Saint Vincent de Paul St Augustine Conference of Kalamazoo ($131k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $487k against liabilities of $0, net assets of $487k.