Hermosa Beach Education Foundation

Analysis

Hermosa Beach Education Foundation is a registered charity in United States, based in Hermosa Beach, CA. It received its IRS tax-exemption ruling in November 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 2023, Hermosa Beach Education Foundation reported income of $1.3m and spending of $1.2m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.3m (+7.8%), an average of +1.9% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hermosa Beach Education Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Morganton Day School Inc ($1.3m), Brown County Detoxification and Evaluation Center Inc ($1.3m) and Good Shepherd Corporation Iowa City Iowa ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% of the total. At year end it held assets of $4.5m against liabilities of $0, net assets of $4.5m.