Cuesta College Foundation

Analysis

Cuesta College Foundation is a registered charity in United States, based in SN Luis Obisp, CA. It received its IRS tax-exemption ruling in July 1973, 53 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, Cuesta College Foundation reported income of $5.0m and spending of $3.4m, leaving 32% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.7m to $5.0m (+34%), an average of +7.7% a year. The sharpest change came in the year to June 2022, when income rose by 29%. 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, Cuesta College Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Faculty Student Association of Hudson Valley-Community College ($5.0m), Deaf Bible Society Inc ($5.0m) and Bais Reuven Kamenetz of Lakewood in C ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $49.0m against liabilities of $1.6m, net assets of $47.4m.