California Polytechnic State University Foundation

Analysis

California Polytechnic State University Foundation is a registered charity in United States, based in San Luis Obispo, CA. It received its IRS tax-exemption ruling in December 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, California Polytechnic State University Foundation reported income of $47.0m and spending of $46.4m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $48.8m to $47.0m (-3.8%), an average of -1.3% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, California Polytechnic State University Foundation sits at the 98th percentile: it is larger than about 98% of them. 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 Regents of the Mercersburg College ($47.0m), New Teacher Center ($47.1m) and Compass Rose Education Inc ($46.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $403.7m against liabilities of $13.9m, net assets of $389.8m.