Monterey County Airshow Assn Inc

Analysis

Monterey County Airshow Assn Inc is a registered charity in United States, based in Salinas, CA. It received its IRS tax-exemption ruling in May 1981, 45 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Monterey County Airshow Assn Inc reported income of $1.2m and spending of $1.2m, spending 99% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $892k to $1.2m (+39%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Monterey County Airshow Assn Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include San Marcos Youth Soccer ($1.2m), Northern Sun Intercollegiate Conference ($1.2m) and Friends of the Levitt Pavilion -Arlington ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $75k (6.1% of expenses). Other salaries and wages came to $9,000. At year end it held assets of $465k against liabilities of $0, net assets of $465k.