Foundation for Grossmont and Cuyamaca Colleges

Analysis

Foundation for Grossmont and Cuyamaca Colleges is a registered charity in United States, based in El Cajon, CA. It received its IRS tax-exemption ruling in January 2001, 25 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, Foundation for Grossmont and Cuyamaca Colleges reported income of $44.6m and spending of $39.8m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $24.6m to $44.6m (+82%), an average of +16% a year. The sharpest change came in the year to June 2020, when income rose by 87%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation for Grossmont and Cuyamaca Colleges sits at the 98th 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 Razorback Foundation Inc ($44.6m), Winston Preparatory School ($44.7m) and Kenan-Flagler Business School Foundation ($44.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $1.0m (2.6% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $37.0m against liabilities of $3.9m, net assets of $33.1m. It reported 112 employees.