California Tax Education Council

Analysis

California Tax Education Council is a registered charity in United States, based in Lincoln, CA. It received its IRS tax-exemption ruling in August 1998, 28 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 publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, California Tax Education Council reported income of $2.0m and spending of $1.9m, spending 93% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.8m to $2.0m (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2024, when income rose by 20%. Over the whole period it spent 104% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, California Tax Education Council sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Cornerstone Charitable Foundation ($2.0m), Golf Fights Cancer Inc ($2.0m) and Westminster-Canterbury of the Blue ($2.0m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 98% of the total. At year end it held assets of $1.1m against liabilities of $54k, net assets of $1.1m.