Monterey College of Law

Analysis

Monterey College of Law is a registered charity in United States, based in Seaside, CA. It received its IRS tax-exemption ruling in March 1973, 53 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 July 2023, Monterey College of Law reported income of $6.8m and spending of $5.6m, spending 82% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $2.7m to $6.8m (+154%), an average of +26% a year. The sharpest change came in the year to July 2023, when income rose by 56%. 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, Monterey College of Law 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 Ha or Beacon School ($6.8m), Memphis Delta Preparatory Charter School Inc ($6.8m) and Platte River Academy ($6.8m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 19% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $397k (7.1% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $7.6m against liabilities of $3.7m, net assets of $3.9m. It reported 162 employees.