Friends of Monterey Academy of Oceanographic Science

Analysis

Friends of Monterey Academy of Oceanographic Science is a registered charity in United States, based in Monterey, CA. It received its IRS tax-exemption ruling in December 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Friends of Monterey Academy of Oceanographic Science reported income of $152k and spending of $150k, spending 98% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $155k to $152k (-1.8%), an average of -1.8% a year. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Monterey Academy of Oceanographic Science sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 50th percentile within CA. Charities of a similar size with the same main cause include Glaucoma Research and Education Group Inc ($152k), Early Leader Child Care Ministries ($152k) and Canyon High School Band & Auxiliary Units Booster Club ($152k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $105k against liabilities of $1,300, net assets of $104k.