Tailhook Educational Foundation Inc

Analysis

Tailhook Educational Foundation Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in June 1996, 30 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 December 2023, Tailhook Educational Foundation Inc reported income of $1.0m and spending of $801k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $901k to $1.0m (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2020, when income dropped by 26%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tailhook Educational Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include San Diego Civic Youth Ballet Inc ($1.0m), Greencastle of Palatine Inc ($1.0m) and Gold Country Wildlife Rescue Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $135k (17% of expenses). At year end it held assets of $5.1m against liabilities of $55k, net assets of $5.1m.