Eureka Schools Foundation

Analysis

Eureka Schools Foundation is a registered charity in United States, based in Granite Bay, CA. It received its IRS tax-exemption ruling in April 1993, 33 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Eureka Schools Foundation reported income of $546k and spending of $453k, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $511k to $546k (+6.9%), an average of +1.7% a year. The sharpest change came in the year to June 2021, when income rose by 48%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Eureka Schools Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Exceptional Academy for Differently-Abled Learners Inc ($546k), Olelo Christian Academy ($546k) and Daurias Treehouse Childrens Learning Center ($546k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.