High Tech High Foundation

Analysis

High Tech High Foundation is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in December 2003, 23 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, High Tech High Foundation reported income of $559k and spending of $565k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.6m to $559k (-64%), an average of -23% a year. The sharpest change came in the year to June 2021, when income dropped by 64%. Over the whole period it spent 77% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, High Tech High Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Governors Scholars Program Foundation Inc ($559k), Joyce Finley Foundation ($559k) and Baroda Medical College Foundation Inc ($558k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $565k against liabilities of $1,584, net assets of $563k.

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.