Pasadena Educational Foundation

Analysis

Pasadena Educational Foundation is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in December 1971, 55 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Pasadena Educational Foundation reported income of $5.8m and spending of $5.3m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.6m to $5.8m (-12%), an average of -3.3% a year. The sharpest change came in the year to June 2020, when income dropped by 31%. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Pasadena Educational Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Spokane Housing Ventures ($5.8m), Minnesota Black Collective Foundation ($5.9m) and United Way of Treasure Valley Inc ($5.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 9.3% of the total. Compensation of current officers, directors and key employees was $194k (3.7% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $10.5m against liabilities of $2.9m, net assets of $7.6m. It reported 161 employees.