California Foundation for Commerce and Education

Analysis

California Foundation for Commerce and Education is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in March 1976, 50 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, California Foundation for Commerce and Education reported income of $586k and spending of $269k, leaving 54% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $263k to $586k (+123%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 153%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, California Foundation for Commerce and Education sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include South Haven Community Foundation ($585k), Walnut Cove Members Association Inc ($587k) and Green Mountain United Way ($585k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. At year end it held assets of $424k against liabilities of $0, net assets of $424k.