Foundation for Advanced Continuing Education

Analysis

Foundation for Advanced Continuing Education is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in April 1976, 50 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Foundation for Advanced Continuing Education reported income of $176k and spending of $231k, spending 131% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $267k to $176k (-34%), an average of -19% a year. The sharpest change came in the year to December 2022, when income dropped by 34%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation for Advanced Continuing Education sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Amador Community College Foundation ($176k), Faith Christian Academy Inc ($176k) and Esther Hutmacher Parriott Scholarship Farm Trust ($176k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. At year end it held assets of $142k against liabilities of $0, net assets of $142k.