Linfield Foundation Inc

Analysis

Linfield Foundation Inc is a registered charity in United States, based in Temecula, CA. It received its IRS tax-exemption ruling in September 2003, 23 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, Linfield Foundation Inc reported income of $871k and spending of $1.7m, spending 197% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $607k to $871k (+43%), an average of +9.4% a year. The sharpest change came in the year to June 2022, when income rose by 79%. Over the whole period it spent 152% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Linfield Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Southern Nevada Teamsters Local 631 Construction Industry Training TR ($870k), Avery Properties Inc ($871k) and Greater Rochester Summer Learning Association Inc ($870k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $222k (13% of expenses). Other salaries and wages came to $218k. At year end it held assets of $4.3m against liabilities of $6.8m, net assets of -$2.6m. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.