Carlmont Academic Foundation

Analysis

Carlmont Academic Foundation is a registered charity in United States, based in Belmont, CA. It received its IRS tax-exemption ruling in September 2007, 19 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, Carlmont Academic Foundation reported income of $1.2m and spending of $1.0m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $834k to $1.2m (+40%), an average of +8.8% a year. The sharpest change came in the year to June 2022, when income rose by 85%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Carlmont Academic Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Meiras Bais Yaakov Inc ($1.2m), Sacramento Educational Cable Consortium ($1.2m) and German International School of Dallas Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $2.0m against liabilities of $990k, net assets of $978k.