Monterra Community Fund

Analysis

Monterra Community Fund is a registered charity in United States, based in Redwood City, CA. It received its IRS tax-exemption ruling in August 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Monterra Community Fund reported income of $640k and spending of $832k, spending 130% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $11.1m to $640k (-94%), an average of -61% a year. The sharpest change came in the year to December 2023, when income dropped by 95%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Monterra Community Fund sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Tradeswoman Incorporated ($640k), Ar-Tx Redi ($641k) and South Dakota Development Corporation ($640k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $507k against liabilities of $30k, net assets of $477k.