Cal Poly Pomona Philanthropic Foundation

Analysis

Cal Poly Pomona Philanthropic Foundation is a registered charity in United States, based in Pomona, CA. It received its IRS tax-exemption ruling in May 2019, 7 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 organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cal Poly Pomona Philanthropic Foundation reported income of $8.0m and spending of $13.6m, spending 169% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $157.5m to $8.0m (-95%), an average of -63% a year. The sharpest change came in the year to June 2022, when income dropped by 76%. Over the whole period it spent 14% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Cal Poly Pomona Philanthropic Foundation sits at the 95th percentile: it is larger than about 95% 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 Fargo-Moorhead Area Foundation Corporation ($8.0m), The Forum for Youth Investment ($8.1m) and Don & Sybil Harrington Foundation ($8.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 185% and program service revenue 0.7% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $233.1m against liabilities of $2.0m, net assets of $231.2m.