Point Foundation

Analysis

Point Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in November 2001, 25 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, Point Foundation reported income of $10.6m and spending of $5.7m, leaving 46% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $4.4m to $10.6m (+140%), an average of +34% a year. The sharpest change came in the year to June 2021, when income rose by 99%. Over the whole period it spent 62% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Point Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Mastery Learning Institute Abn Arthur Academy ($10.6m), Propel Charter School - Northside ($10.6m) and Cologne Academy ($10.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $1.0m (18% of expenses). Other salaries and wages came to $1.3m. It paid $75k in professional fundraising fees. At year end it held assets of $20.2m against liabilities of $456k, net assets of $19.8m. It reported 24 employees.