Downey Foundation for Educational Opportunities

Analysis

Downey Foundation for Educational Opportunities is a registered charity in United States, based in Downey, CA. It received its IRS tax-exemption ruling in July 2017, 9 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, Downey Foundation for Educational Opportunities reported income of $8.6m and spending of $8.8m, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $359k to $8.6m (+2302%), an average of +188% a year. The sharpest change came in the year to June 2022, when income rose by 1104%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Downey Foundation for Educational Opportunities sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Bluum Inc ($8.6m), Academy of Dover Charter School ($8.6m) and College and University Professional Association for Human Resources ($8.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $249k (2.8% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $1.6m against liabilities of $1.5m, net assets of $59k. It reported 287 employees.