Foundation of Palm Springs Unified School District

Analysis

Foundation of Palm Springs Unified School District is a registered charity in United States, based in Palm Springs, CA. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Foundation of Palm Springs Unified School District reported income of $3.8m and spending of $1.6m, leaving 59% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $575k to $3.8m (+561%), an average of +60% a year. The sharpest change came in the year to June 2023, when income rose by 335%. Over the whole period it spent 67% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Foundation of Palm Springs Unified School District sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Birthplace of Country Music Inc ($3.8m), State Theatre Center for the Arts Inc ($3.8m) and Actionaid USA ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 1.2% of the total. Other salaries and wages came to $453k. At year end it held assets of $5.0m against liabilities of $0, net assets of $5.0m. It reported 3 employees.