Porterville College Foundation

Analysis

Porterville College Foundation is a registered charity in United States, based in Porterville, CA. It received its IRS tax-exemption ruling in December 1983, 43 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, Porterville College Foundation reported income of $1.9m and spending of $734k, leaving 61% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $979k to $1.9m (+90%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 125%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Porterville College Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Christ Preparatory Academy Inc ($1.9m), Clinton Essex Franklin Library ($1.9m) and Hope Academy Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 28% of the total. Other salaries and wages came to $40k. At year end it held assets of $16.9m against liabilities of $456k, net assets of $16.4m. It reported 8 employees.