Carpinteria Education Foundation Inc

Analysis

Carpinteria Education Foundation Inc is a registered charity in United States, based in Carpinteria, CA. It received its IRS tax-exemption ruling in November 1998, 28 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, Carpinteria Education Foundation Inc reported income of $259k and spending of $205k, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $291k to $259k (-11%), an average of -2.8% a year. The sharpest change came in the year to June 2021, when income rose by 135%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Carpinteria Education Foundation Inc sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Literacy Lubbock ($259k), Education Foundation for California Schools ($259k) and Student Research and Development ($259k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% of the total. Compensation of current officers, directors and key employees was $46k (23% of expenses). At year end it held assets of $1.1m against liabilities of $4,752, net assets of $1.1m. It reported 1 employees.