Monterey Firefighter Community Foundation

Analysis

Monterey Firefighter Community Foundation is a registered charity in United States, based in Marina, CA. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 December 2023, Monterey Firefighter Community Foundation reported income of $171k and spending of $48k, leaving 72% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $58k to $171k (+197%), an average of +196% a year. The sharpest change came in the year to December 2023, when income rose by 197%. Over the whole period it spent 44% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Monterey Firefighter Community Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include Spring Lake First Aid and Emergency Squad ($171k), Colorado State Fire Fighters Foundation ($172k) and Charles County Volunteer Firemens Association Inc ($171k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 111% of the total. At year end it held assets of $204k against liabilities of $42, net assets of $204k.