Turtleback Education Foundation

Analysis

Turtleback Education Foundation is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in August 2009, 17 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Turtleback Education Foundation reported income of $116k and spending of $99k, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $145k to $116k (-20%), an average of -5.5% a year. The sharpest change came in the year to June 2022, when income rose by 54%. Over the whole period it spent 77% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Turtleback Education Foundation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 43rd percentile within CA. Charities of a similar size with the same main cause include Grow2serve Inc ($116k), Mawaka Foundation Inc ($116k) and Kirsten Haglund Foundation ($116k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 17% of the total. At year end it held assets of $194k against liabilities of $0, net assets of $194k.