Foundation for a College Education

Analysis

Foundation for a College Education is a registered charity in United States, based in Menlo Park, CA. It received its IRS tax-exemption ruling in September 1995, 31 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 a College Education reported income of $1.4m and spending of $1.3m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $1.4m (+1.4%), an average of +0.3% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation for a College Education sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Palisades Preschool ($1.4m), Heritage Christian Academy St Louis ($1.4m) and Little Miracles Learning Center Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $174k (14% of expenses). Other salaries and wages came to $546k. At year end it held assets of $1.9m against liabilities of $187k, net assets of $1.7m. It reported 2 employees.