Taft College Foundation

Analysis

Taft College Foundation is a registered charity in United States, based in Taft, CA. It received its IRS tax-exemption ruling in April 2004, 22 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, Taft College Foundation reported income of $865k and spending of $745k, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $596k to $865k (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2021, when income rose by 133%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Taft College Foundation 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 High Oaks Inc ($865k), Whitestone Academy Inc ($865k) and Accademia Dell Arte ($865k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% of the total. Compensation of current officers, directors and key employees was $110k (15% of expenses). At year end it held assets of $5.4m against liabilities of $52k, net assets of $5.4m. It reported 1 employees.