Redondo Beach Educational Foundation

Analysis

Redondo Beach Educational Foundation is a registered charity in United States, based in Redondo Beach, CA. It received its IRS tax-exemption ruling in September 1992, 34 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Redondo Beach Educational Foundation reported income of $2.2m and spending of $2.2m, spending 102% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $333k to $2.2m (+546%), an average of +45% a year. The sharpest change came in the year to June 2020, when income rose by 476%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Redondo Beach Educational Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Central Florida Jobs with Justice Corp ($2.2m), Safequest Solano ($2.2m) and New England Dairy and Food Council ($2.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 72% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $129k (5.9% of expenses). Other salaries and wages came to $500k. At year end it held assets of $2.6m against liabilities of $596k, net assets of $2.0m. It reported 88 employees.