Peninsula College Fund

Analysis

Peninsula College Fund is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in December 2009, 17 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, Peninsula College Fund reported income of $3.3m and spending of $2.3m, leaving 30% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.5m to $3.3m (+120%), an average of +30% a year. The sharpest change came in the year to June 2022, when income rose by 381%. Over the whole period it spent 64% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Peninsula College Fund sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Cincinnati Youth Collaborative ($3.3m), Summit Academy Community School for Alternative Learners ($3.3m) and Play Study Win Inc ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $8.4m against liabilities of $151k, net assets of $8.2m. It reported 17 employees.