Hillsborough Schools Foundation

Analysis

Hillsborough Schools Foundation is a registered charity in United States, based in Hillsborough, CA. It received its IRS tax-exemption ruling in April 1980, 46 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, Hillsborough Schools Foundation reported income of $5.3m and spending of $4.8m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.8m to $5.3m (+10%), an average of +2.5% a year. The sharpest change came in the year to June 2022, when income rose by 27%. 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, Hillsborough Schools Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Back to Basics Charter School Foundation Inc ($5.3m), Foundation for Educational Opportunity at West Iron County SC ($5.3m) and Sunshine Charter Academy of Broward Inc ($5.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% of the total. Other salaries and wages came to $253k. At year end it held assets of $18.4m against liabilities of $3.8m, net assets of $14.7m. It reported 3 employees.