College Success Foundation

Analysis

College Success Foundation is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in November 2000, 26 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, College Success Foundation reported income of $32.4m and spending of $27.3m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.4m to $32.4m (+162%), an average of +27% a year. The sharpest change came in the year to June 2023, when income rose by 44%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, College Success Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within WA. Charities of a similar size with the same main cause include Imagine Schools Inc ($32.4m), Columbia College ($32.4m) and Capital City Public Charter School Inc ($32.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $802k (2.9% of expenses). Other salaries and wages came to $11.0m. At year end it held assets of $30.1m against liabilities of $12.6m, net assets of $17.5m. It reported 195 employees.