Long Beach State Foundation

Analysis

Long Beach State Foundation is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in October 2011, 15 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, Long Beach State Foundation reported income of $23.6m and spending of $18.5m, leaving 22% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $24.7m to $23.6m (-4.6%), an average of -1.6% a year. The sharpest change came in the year to June 2022, when income rose by 47%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Long Beach State Foundation sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Thomas M Cooley Law School ($23.6m), The Jemicy School Inc ($23.6m) and Emporia State University Foundation ($23.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% of the total. Other salaries and wages came to $2.2m. At year end it held assets of $165.6m against liabilities of $3.1m, net assets of $162.5m.