Irvine Public Schools Foundation

Analysis

Irvine Public Schools Foundation is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in November 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, Irvine Public Schools Foundation reported income of $7.0m and spending of $7.3m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $7.7m to $7.0m (-9.6%), an average of -2.5% a year. The sharpest change came in the year to June 2022, when income rose by 51%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Irvine Public Schools Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Jewish Federation of Southern Arizona ($7.0m), Foundations in Education Inc ($7.0m) and Community Foundation for Nantucket ($7.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $764k (11% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $9.1m against liabilities of $2.2m, net assets of $6.8m. It reported 279 employees.