Eastlake Educational Foundation

Analysis

Eastlake Educational Foundation is a registered charity in United States, based in Chula Vista, CA. It received its IRS tax-exemption ruling in October 1995, 31 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 2024, Eastlake Educational Foundation reported income of $211k and spending of $202k, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $166k to $211k (+28%), an average of +6.3% a year. The sharpest change came in the year to June 2022, when income rose by 48%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Eastlake Educational Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include Anaya Scholars Inc ($211k), New York State Science Olympiad Inc ($211k) and Parents Education Foundation Inc ($211k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 78% of the total. Compensation of current officers, directors and key employees was $78k (39% of expenses). Other salaries and wages came to $22k. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m. It reported 9 employees.