First Night Monterey Inc

Analysis

First Night Monterey Inc is a registered charity in United States, based in Monterey, CA. It received its IRS tax-exemption ruling in August 1993, 33 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, First Night Monterey Inc reported income of $194k and spending of $184k, spending 95% of its income. Across the 3 years on record, from June 2020 to June 2022, income fell from $257k to $194k (-25%), an average of -13% a year. The sharpest change came in the year to June 2021, when income dropped by 35%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, First Night Monterey Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Albany Regional Museum Corporation ($194k), Kiln Theatre ($194k) and Embarrass Region Community Association ($194k).

On its Form 990-EZ for the period ending June 2022, revenue came from contributions and grants 54% and program service revenue 46% of the total. At year end it held assets of $18k against liabilities of $0, net assets of $18k.