Foundation for California University of Pennsylvania

Analysis

Foundation for California University of Pennsylvania is a registered charity in United States, based in California, PA. It received its IRS tax-exemption ruling in September 1987, 39 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 2024, Foundation for California University of Pennsylvania reported income of $5.5m and spending of $5.8m, spending 105% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.8m to $5.5m (+45%), an average of +9.8% a year. The sharpest change came in the year to June 2022, when income rose by 85%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation for California University of Pennsylvania 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 91st percentile within PA. Charities of a similar size with the same main cause include Community Capital Corporation ($5.5m), Frederick Classical Charter School Inc ($5.5m) and Horizon Christian Academy Inc ($5.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 25% and program service revenue 52% of the total. Other salaries and wages came to $350k. At year end it held assets of $49.1m against liabilities of $8.5m, net assets of $40.6m. It reported 4 employees.