California Maritime Academy Foundation Inc

Analysis

California Maritime Academy Foundation Inc is a registered charity in United States, based in Vallejo, CA. It received its IRS tax-exemption ruling in October 1972, 54 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, California Maritime Academy Foundation Inc reported income of $5.7m and spending of $11.4m, spending 200% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.9m to $5.7m (+97%), an average of +18% a year. The sharpest change came in the year to June 2020, when income rose by 140%. Over the whole period it spent 62% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, California Maritime Academy Foundation Inc sits at the 90th percentile: it is larger than about 90% 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 My Brothers Workshop ($5.7m), Early Childhood at Mdy Inc ($5.7m) and Imagine Me Leadership Charter School ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 44% of the total. At year end it held assets of $35.6m against liabilities of $5.2m, net assets of $30.4m.