Education Foundation at Black Mountain

Analysis

Education Foundation at Black Mountain is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Education Foundation at Black Mountain reported income of $76k and spending of $56k, leaving 26% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income fell from $105k to $76k (-28%), an average of -28% a year. The sharpest change came in the year to June 2024, when income dropped by 28%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Education Foundation at Black Mountain sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within CA. Charities of a similar size with the same main cause include Mason Early Childhood Center Parent-Teacher Organization Meccpt ($76k), Knightkrawler Robotics ($76k) and East Union Athletic Boosters Club ($76k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 87% of the total. At year end it held assets of $82k against liabilities of $0, net assets of $82k.