Foundation for Clovis Schools

Analysis

Foundation for Clovis Schools is a registered charity in United States, based in Clovis, CA. It received its IRS tax-exemption ruling in July 1992, 34 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, Foundation for Clovis Schools reported income of $5.4m and spending of $310k, leaving 94% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $522k to $5.4m (+942%), an average of +80% a year. The sharpest change came in the year to June 2023, when income rose by 1233%. Over the whole period it spent 22% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation for Clovis Schools sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include The Foster Alliance ($5.4m), San Luis Obispo Classical Academy ($5.4m) and Huntingdon County Child and Adult Development Corporation ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $8.0m against liabilities of $549k, net assets of $7.4m.