International School of Monterey

Analysis

International School of Monterey is a registered charity in United States, based in Seaside, CA. It received its IRS tax-exemption ruling in July 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, International School of Monterey reported income of $6.4m and spending of $6.4m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.7m to $6.4m (+37%), an average of +8.1% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, International School of Monterey sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Aurora Collegiate Academy Inc ($6.4m), Association for Molecular Pathology Inc ($6.4m) and Ready for School Ready for Life ($6.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $152k (2.4% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $2.3m against liabilities of $1.5m, net assets of $802k. It reported 106 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.