Shasta College Foundation

Analysis

Shasta College Foundation is a registered charity in United States, based in Redding, CA. It received its IRS tax-exemption ruling in July 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a governmental unit under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Shasta College Foundation reported income of $2.7m and spending of $1.5m, leaving 47% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $411k to $2.7m (+567%), an average of +61% a year. The sharpest change came in the year to June 2022, when income dropped by 110%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Shasta College Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Meridian Technical Charter High School Inc ($2.7m), Churchs Ministry Among Jewish People ($2.7m) and New School for the Arts ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% of the total. At year end it held assets of $8.4m against liabilities of $2.8m, net assets of $5.6m. It reported 1 employees.