College of the Redwoods Foundation

Analysis

College of the Redwoods Foundation is a registered charity in United States, based in Eureka, CA. It received its IRS tax-exemption ruling in December 1965, 61 years ago. Its declared purposes cover education, which this site groups under education and training. 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, College of the Redwoods Foundation reported income of $2.9m and spending of $2.5m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.3m to $2.9m (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2021, when income rose by 99%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, College of the Redwoods Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Life Time Foundation ($2.9m), Iowa Golf Association Foundation ($2.9m) and Ecyc Inc ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 37% of the total. At year end it held assets of $9.6m against liabilities of $1.8m, net assets of $7.8m. It reported 2 employees.