Long Beach Education Foundation

Analysis

Long Beach Education Foundation is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in September 1989, 37 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, Long Beach Education Foundation reported income of $1.5m and spending of $2.8m, spending 180% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.0m to $1.5m (-81%), an average of -34% a year. The sharpest change came in the year to June 2020, when income dropped by 88%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Long Beach Education Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Ccsa Ltd ($1.5m), Kinteel Residential Campus Inc ($1.5m) and Western Oklahoma Christian School ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.