Hemet Education Foundation

Analysis

Hemet Education Foundation is a registered charity in United States, based in Hemet, CA. It received its IRS tax-exemption ruling in March 1994, 32 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 2024, Hemet Education Foundation reported income of $152k and spending of $41k, leaving 73% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $56k to $152k (+171%), an average of +64% a year. The sharpest change came in the year to June 2024, when income rose by 294%. Over the whole period it spent 44% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hemet 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 47th percentile, and in the 50th percentile within CA. Charities of a similar size with the same main cause include Hart Parr Oliver Collectors Association Inc ($152k), LLT Productions ($152k) and Saint Anselm Institute for Catholic Thought ($152k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 21% of the total. At year end it held assets of $579k against liabilities of $0, net assets of $579k.