Torrey Pines Elementary School Foundation

Analysis

Torrey Pines Elementary School Foundation is a registered charity in United States, based in LA Jolla, CA. It received its IRS tax-exemption ruling in October 1991, 35 years ago. 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, Torrey Pines Elementary School Foundation reported income of $263k and spending of $174k, leaving 34% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $395k to $263k (-33%), an average of -9.7% a year. The sharpest change came in the year to June 2022, when income rose by 47%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Torrey Pines Elementary School Foundation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Apostle Immigrant Services Corporation ($263k), Cyo of Greater Dayton ($263k) and Culver City Senior Citizens Association Inc ($263k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% of the total. At year end it held assets of $643k against liabilities of $50, net assets of $643k.