Menlo College

Analysis

Menlo College is a registered charity in United States, based in Atherton, CA. It received its IRS tax-exemption ruling in October 1994, 32 years ago. 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 June 2023, Menlo College reported income of $56.9m and spending of $58.9m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $42.7m to $56.9m (+33%), an average of +7.4% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Menlo College sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Mid-Pacific Institute ($56.8m), Catholic Charities Diocese of Trenton ($57.1m) and Risewell Community Services Inc ($56.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $1.2m (2.1% of expenses). Other salaries and wages came to $11.4m. At year end it held assets of $62.6m against liabilities of $8.4m, net assets of $54.1m. It reported 476 employees.