Monterey Peninsula College Foundation

Analysis

Monterey Peninsula College Foundation is a registered charity in United States, based in Monterey, CA. It received its IRS tax-exemption ruling in July 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Monterey Peninsula College Foundation reported income of $3.8m and spending of $2.5m, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.1m to $3.8m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2023, when income rose by 451%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Monterey Peninsula College Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Vcu Investment Management Company ($3.7m), Sephardic Academy of Manhattan ($3.8m) and Toledo Preparatory and Fitness Academy ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 3.8% of the total. Other salaries and wages came to $579k. At year end it held assets of $13.6m against liabilities of $1.2m, net assets of $12.4m. It reported 6 employees.