Monterey County Youth Museum

Analysis

Monterey County Youth Museum is a registered charity in United States, based in Monterey, CA. It received its IRS tax-exemption ruling in March 1995, 31 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Monterey County Youth Museum reported income of $592k and spending of $520k, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $584k to $592k (+1.5%), an average of +0.4% a year. The sharpest change came in the year to June 2022, when income rose by 113%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Monterey County Youth Museum sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Historic Fox Theatre Restorations ($592k), Sioux Empire Community Theatre Inc ($593k) and Create Arts Center Inc ($592k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $114k (22% of expenses). Other salaries and wages came to $153k. At year end it held assets of $2.6m against liabilities of $715k, net assets of $1.9m. It reported 19 employees.