Monterey Public Library Friends & Foundation

Analysis

Monterey Public Library Friends & Foundation is a registered charity in United States, based in Monterey, CA. It received its IRS tax-exemption ruling in January 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Monterey Public Library Friends & Foundation reported income of $229k and spending of $150k, leaving 34% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $163k to $229k (+40%), an average of +40% a year. The sharpest change came in the year to June 2024, when income rose by 40%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Monterey Public Library Friends & Foundation sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Lakeside High School Friends of the Fine Arts ($229k), Ithaca Public Education Initiative Inc ($229k) and Grace Academy of Kerrville ($229k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $126k against liabilities of $0, net assets of $126k.