Monterey Senior Citizens Center
Monterey Senior Citizens Center shows consistent operations with no executive compensation and fluctuating but growing revenue.
EIN: 10608338 · Monterey, TN · NTEE: P81 · Updated: 2026-03-28
Is Monterey Senior Citizens Center Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Monterey Senior Citizens Center directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Monterey Senior Citizens Center
Monterey Senior Citizens Center (EIN: 10608338) is a nonprofit organization based in Monterey, TN, classified under NTEE code P81. The organization reported total revenue of $88K and total assets of $32K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Monterey Senior Citizens Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Monterey Senior Citizens Center with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Monterey Senior Citizens Center allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated at non-officer levels, which is highly efficient for an organization of its size with current assets of $31,717.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Monterey Senior Citizens Center's IRS 990 filings:
- Fluctuating asset base with a general downward trend from 201106 to 202406
- Operational deficit in the latest reported period (202406: Expenses $80,681 > Revenue $73,560)
Strengths
The following positive indicators were identified for Monterey Senior Citizens Center:
- Consistent IRS 990 filing history over 7 periods
- Zero officer compensation reported across all filings, indicating high efficiency
- No reported liabilities in any filing, demonstrating strong financial management
- Significant growth in revenue over the long term, from $32,062 in 201106 to $87,826 currently
- Long operational history serving the community
Frequently Asked Questions about Monterey Senior Citizens Center
Is Monterey Senior Citizens Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Monterey Senior Citizens Center (EIN: 10608338) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does Monterey Senior Citizens Center spend its money?
Monterey Senior Citizens Center directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Monterey Senior Citizens Center tax-deductible?
Monterey Senior Citizens Center is registered as a tax-exempt nonprofit (EIN: 10608338). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Monterey Senior Citizens Center a good charity?
Based on the available data, the Monterey Senior Citizens Center appears to be a good charity. It consistently files its IRS 990s, reports no officer compensation, and has maintained operations for many years, indicating a strong commitment to its mission. Its lack of liabilities is also a positive sign of financial health.
How has the organization's financial health changed over time?
The organization's financial health has seen fluctuations. While assets have decreased from a high of $51,203 in 201106 to $26,040 in 202406, its latest revenue of $87,826 is significantly higher than its earlier years (e.g., $32,062 in 201106), suggesting growing community support despite some operational deficits in specific years like 202406.
What is the trend in revenue and expenses?
Revenue has generally trended upwards, from $32,062 in 201106 to $87,826 currently. Expenses have also increased, but the organization has managed to generate surpluses in some years (e.g., 202306: Revenue $62,265, Expenses $54,257) while experiencing deficits in others (e.g., 202406: Revenue $73,560, Expenses $80,681).
Filing History
IRS 990 filing history for Monterey Senior Citizens Center showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2024), Monterey Senior Citizens Center's revenue has grown by 129.4%, moving from $32K to $74K. Total assets decreased by 49.1% over the same period, from $51K to $26K. Total functional expenses rose by 121.9%, from $36K to $81K. In its most recent filing year (2024), Monterey Senior Citizens Center reported a deficit of $7K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $74K | $81K | $26K | $0 | — | — |
| 2023 | $62K | $54K | $33K | $0 | — | View 990 |
| 2015 | $37K | $32K | $42K | $0 | — | — |
| 2014 | $19K | $34K | $30K | $0 | — | — |
| 2013 | $26K | $32K | $42K | $0 | — | View 990 |
| 2012 | $29K | $37K | $43K | $0 | — | View 990 |
| 2011 | $32K | $36K | $51K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $74K, expenses of $81K, and assets of $26K (revenue +18.1% year-over-year).
- 2023: Revenue of $62K, expenses of $54K, and assets of $33K (revenue +68.3% year-over-year).
- 2015: Revenue of $37K, expenses of $32K, and assets of $42K (revenue +97.9% year-over-year).
- 2014: Revenue of $19K, expenses of $34K, and assets of $30K (revenue -28.1% year-over-year).
- 2013: Revenue of $26K, expenses of $32K, and assets of $42K (revenue -10.7% year-over-year).
- 2012: Revenue of $29K, expenses of $37K, and assets of $43K (revenue -9.2% year-over-year).
- 2011: Revenue of $32K, expenses of $36K, and assets of $51K.
Data Sources and Methodology
This transparency report for Monterey Senior Citizens Center is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.