Downtown College Prep Foundation

Analysis

Downtown College Prep Foundation is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Downtown College Prep Foundation reported income of $3.5m and spending of $3.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $3.5m (+50%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 46%. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Downtown College Prep Foundation sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Summit Classical Christian School ($3.5m), Access Charter School ($3.5m) and Life Prep ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $41.1m against liabilities of $38.6m, net assets of $2.5m.