Onefuture Coachella Valley

Analysis

Onefuture Coachella Valley is a registered charity in United States, based in Palm Desert, CA. It received its IRS tax-exemption ruling in March 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, Onefuture Coachella Valley reported income of $3.3m and spending of $2.2m, leaving 33% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $3.3m (+32%), an average of +7.2% a year. The sharpest change came in the year to June 2023, when income rose by 71%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Onefuture Coachella Valley sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Brunswick Public Library Association ($3.3m), Communities in Schools of Benton-Franklin ($3.3m) and Bellingham Christian School Inc ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $251k (11% of expenses). Other salaries and wages came to $749k. At year end it held assets of $2.3m against liabilities of $179k, net assets of $2.1m. It reported 48 employees.