Monterey Count Benevolent Foundation

Analysis

Monterey Count Benevolent Foundation is a registered charity in United States, based in Monterey, CA. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 May 2023, Monterey Count Benevolent Foundation reported income of $183k and spending of $173k, spending 95% of its income. Across the 3 years on record, from May 2020 to May 2023, income grew from $4,338 to $183k (+4112%), an average of +549% a year. The sharpest change came in the year to May 2022, when income rose by 8672%. Over the whole period it spent 55% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Monterey Count Benevolent Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include United Way of Southern Illinois ($183k), Hope Chest ($183k) and Rahr West Art Museum Charitable Foundation Inc ($183k).

At year end it held assets of $305k against liabilities of $11k, net assets of $294k.