Communities for a New California Education Fund

Analysis

Communities for a New California Education Fund is a registered charity in United States, based in Granite Bay, CA. It received its IRS tax-exemption ruling in January 2013, 13 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 December 2023, Communities for a New California Education Fund reported income of $1.4m and spending of $1.2m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $1.4m (-34%), an average of -9.8% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Communities for a New California Education Fund sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Hogar Colegio LA Milagrosa Urb Zeno Gandia ($1.4m), Waadookodaading Ojibwe Language Institute Inc ($1.4m) and Daarul Uloom Association ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $75k (6.1% of expenses). Other salaries and wages came to $719k. At year end it held assets of $1.9m against liabilities of $65k, net assets of $1.9m. It reported 25 employees.