Montecito Union School Foundation

Analysis

Montecito Union School Foundation is a registered charity in United States, based in Montecito, CA. It received its IRS tax-exemption ruling in June 1981, 45 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 June 2023, Montecito Union School Foundation reported income of $548k and spending of $808k, spending 148% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $761k to $548k (-28%), an average of -7.9% a year. The sharpest change came in the year to June 2022, when income rose by 87%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Montecito Union School Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Utah Microenterprise Loan Fund ($548k), Langtry Village Inc ($548k) and Brentwood Pony Baseball ($548k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 2.1% of the total. At year end it held assets of $846k against liabilities of $0, net assets of $846k.