East Los Angeles College Foundation

Analysis

East Los Angeles College Foundation is a registered charity in United States, based in Monterey Park, CA. It received its IRS tax-exemption ruling in July 1985, 41 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, East Los Angeles College Foundation reported income of $2.5m and spending of $2.4m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $2.5m (+107%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 57%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, East Los Angeles College Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Covenant Christian Academy ($2.5m), Breakthrough New York Inc ($2.5m) and University of South Florida Alumni Association Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $148k (6.1% of expenses). Other salaries and wages came to $952k. At year end it held assets of $7.6m against liabilities of $154k, net assets of $7.5m. It reported 30 employees.