Irvine Valley College Foundation

Analysis

Irvine Valley College Foundation is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in June 2005, 21 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, Irvine Valley College Foundation reported income of $1.2m and spending of $748k, leaving 40% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $965k to $1.2m (+28%), an average of +6.4% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 60% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Irvine Valley College Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include E J & Marjory B S Ourso Family Foundation ($1.2m), The Community Fund of Darien ($1.2m) and South Madison Community Foundation Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 2.5% of the total. Other salaries and wages came to $14k. At year end it held assets of $4.9m against liabilities of $69k, net assets of $4.8m.