Gravenstein Schools Magnet Program Foundation

Analysis

Gravenstein Schools Magnet Program Foundation is a registered charity in United States, based in Sebastopol, CA. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Gravenstein Schools Magnet Program Foundation reported income of $297k and spending of $226k, leaving 24% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $429k to $297k (-31%), an average of -12% a year. The sharpest change came in the year to June 2022, when income rose by 146%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gravenstein Schools Magnet Program Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Milk Carton on a String Inc ($297k), Innovation Foundation Inc ($297k) and Catskill Wheelhouse ($297k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. At year end it held assets of $619k against liabilities of $10k, net assets of $609k.