Bakersfield College Foundation

Analysis

Bakersfield College Foundation is a registered charity in United States, based in Bakersfield, CA. It received its IRS tax-exemption ruling in November 1975, 51 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 2024, Bakersfield College Foundation reported income of $4.2m and spending of $4.2m, spending 99% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $5.3m to $4.2m (-21%), an average of -4.6% a year. The sharpest change came in the year to June 2022, when income rose by 92%. Over the whole period it spent 64% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bakersfield College Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Glenbrook School of Minden Inc ($4.2m), New Horizon School Pasadena ($4.2m) and Northeast Charter Schools Network Inc ($4.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 79% and program service revenue 6.3% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $65.5m against liabilities of $535k, net assets of $65.0m.