Foundation for California Community Colleges

Analysis

Foundation for California Community Colleges is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in June 1999, 27 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, Foundation for California Community Colleges reported income of $157.7m and spending of $145.9m, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $68.9m to $157.7m (+129%), an average of +32% a year. The sharpest change came in the year to June 2021, when income rose by 51%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation for California Community Colleges sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include Berea College ($157.5m), Stevenson University Inc ($158.0m) and University of Puget Sound ($157.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $2.0m (1.4% of expenses). Other salaries and wages came to $66.4m. At year end it held assets of $326.0m against liabilities of $200.4m, net assets of $125.6m. It reported 4,479 employees.