Miramar College Foundation Inc

Analysis

Miramar College Foundation Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in December 1994, 32 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, Miramar College Foundation Inc reported income of $252k and spending of $143k, leaving 43% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $199k to $252k (+27%), an average of +6.1% a year. The sharpest change came in the year to June 2020, when income dropped by 45%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Miramar College Foundation Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Batavia Foundation for Educational Excellence ($252k), Blessed Beginnings Broadcasting Inc ($252k) and Phoenicia Library ($252k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $886k against liabilities of $0, net assets of $886k.