Goleta Education Foundation

Analysis

Goleta Education Foundation is a registered charity in United States, based in Goleta, CA. It received its IRS tax-exemption ruling in October 1994, 32 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, Goleta Education Foundation reported income of $100k and spending of $99k, spending 100% of its income. Across the 3 years on record, from June 2019 to June 2023, income fell from $320k to $100k (-69%), an average of -44% a year. The sharpest change came in the year to June 2022, when income dropped by 80%. Over the whole period it spent 128% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Goleta Education Foundation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 39th percentile within CA. Charities of a similar size with the same main cause include Hampton Fire Fighters Charitable Organization ($100k), Partners in Education Enrichment Resourcing Foundation ($100k) and Ennis Band Boosters Inc ($100k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $166k against liabilities of $0, net assets of $166k.