Educational Resources of Monterey County

Analysis

Educational Resources of Monterey County is a registered charity in United States, based in Salinas, CA. It received its IRS tax-exemption ruling in December 1998, 28 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 2024, Educational Resources of Monterey County reported income of $578k and spending of $533k, spending 92% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $210k to $578k (+175%), an average of +29% a year. The sharpest change came in the year to June 2021, when income rose by 159%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Educational Resources of Monterey County sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Kilauea Point Natural History Association ($578k), Duncaster Foundation Inc ($578k) and Society for the Preservation of Greek Housing ($578k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 33% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $3,430 (0.6% of expenses). Other salaries and wages came to $244k. At year end it held assets of $946k against liabilities of $19k, net assets of $927k. It reported 26 employees.