Coronado Schools Foundation

Analysis

Coronado Schools Foundation is a registered charity in United States, based in Coronado, CA. It received its IRS tax-exemption ruling in March 1982, 44 years ago. 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 2024, Coronado Schools Foundation reported income of $2.9m and spending of $1.4m, leaving 52% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.0m to $2.9m (+179%), an average of +29% a year. The sharpest change came in the year to June 2024, when income rose by 227%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Coronado Schools Foundation sits at the 88th percentile: it is larger than about 88% 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 Bucks County Housing Group Inc ($2.9m), Student Health SVCS Support Fund ($2.9m) and Taylor Manor Inc ($2.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 78% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $140k (9.9% of expenses). Other salaries and wages came to $133k. At year end it held assets of $11.4m against liabilities of $312k, net assets of $11.1m. It reported 20 employees.