Ventura College Foundation

Analysis

Ventura College Foundation is a registered charity in United States, based in Ventura, CA. It received its IRS tax-exemption ruling in February 1984, 42 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Ventura College Foundation reported income of $3.0m and spending of $3.2m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.4m to $3.0m (-44%), an average of -14% a year. The sharpest change came in the year to June 2022, when income rose by 70%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ventura 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 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Open Compliance and Ethics Group Inc ($3.0m), Harris-Stowe Foundation Inc ($3.0m) and Harmony Heights School ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $119k (3.7% of expenses). Other salaries and wages came to $390k. At year end it held assets of $29.6m against liabilities of $1.3m, net assets of $28.3m. It reported 27 employees.