Del Mar College Foundation Inc

Analysis

Del Mar College Foundation Inc is a registered charity in United States, based in Corp Christi, TX. It received its IRS tax-exemption ruling in December 1983, 43 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 publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Del Mar College Foundation Inc reported income of $5.7m and spending of $3.0m, leaving 47% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.2m to $5.7m (+9.6%), an average of +2.3% a year. The sharpest change came in the year to June 2022, when income dropped by 109%. Over the whole period it spent 62% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Del Mar College Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Richmond Community Foundation ($5.7m), Dixon Family Foundation ($5.7m) and Mile High Kids and Community Development Inc ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% of the total. At year end it held assets of $31.6m against liabilities of $87k, net assets of $31.6m.