Solana Beach Schools Foundation

Analysis

Solana Beach Schools Foundation is a registered charity in United States, based in Solana Beach, CA. It received its IRS tax-exemption ruling in September 1991, 35 years ago. 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, Solana Beach Schools Foundation reported income of $895k and spending of $945k, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $838k to $895k (+6.9%), an average of +1.7% a year. The sharpest change came in the year to June 2021, when income dropped by 35%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Solana Beach Schools Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Challenge Discovery Projects Inc ($895k), Ogeechee Technical College Foundation Inc ($895k) and Rio Grande Cancer Foundation ($895k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $46k (4.9% of expenses). At year end it held assets of $536k against liabilities of $19k, net assets of $517k. It reported 3 employees.