Monte Vista Grove Homes

Analysis

Monte Vista Grove Homes is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in January 1935, 91 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Monte Vista Grove Homes reported income of $11.3m and spending of $10.0m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.5m to $11.3m (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Monte Vista Grove Homes sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Southern Vision Alliance ($11.3m), Woodson Y M C a Inc ($11.3m) and International School of Belgrade ($11.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.1% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $381k (3.8% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $30.4m against liabilities of $6.4m, net assets of $24.0m. It reported 115 employees.