Millbrae Education Foundation Inc

Analysis

Millbrae Education Foundation Inc is a registered charity in United States, based in Millbrae, CA. It received its IRS tax-exemption ruling in February 2009, 17 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, Millbrae Education Foundation Inc reported income of $644k and spending of $578k, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $606k to $644k (+6.4%), an average of +1.6% a year. The sharpest change came in the year to June 2023, when income rose by 24%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Millbrae Education Foundation Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Lamar Institute of Technology Foundation ($644k), Achieve Now ($644k) and Delaware Charter Schools Network Inc ($644k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% of the total. At year end it held assets of $713k against liabilities of $0, net assets of $713k.