Campanile Foundation

Analysis

Campanile Foundation is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in February 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Campanile Foundation reported income of $61.4m and spending of $52.2m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $37.7m to $61.4m (+63%), an average of +13% a year. The sharpest change came in the year to June 2020, when income rose by 55%. Over the whole period it spent 69% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Campanile Foundation sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Common Application Inc ($61.3m), Berkeley-Carroll Street School ($61.4m) and Shady Side Academy ($61.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 39% of the total. At year end it held assets of $549.2m against liabilities of $54.3m, net assets of $494.9m.