Belmont-Redwood Shores Public School Foundation

Analysis

Belmont-Redwood Shores Public School Foundation is a registered charity in United States, based in Belmont, 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Belmont-Redwood Shores Public School Foundation reported income of $3.8m and spending of $3.5m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $3.8m (+60%), an average of +12% a year. The sharpest change came in the year to June 2020, when income rose by 39%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Belmont-Redwood Shores Public School Foundation 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 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Naval Academy Primary School Association Incorporated ($3.8m), Brightstone Inc ($3.8m) and Crown Charter School ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $185k (5.3% of expenses). At year end it held assets of $6.4m against liabilities of $262k, net assets of $6.1m. It reported 2 employees.