Hartnell College Foundation

Analysis

Hartnell College Foundation is a registered charity in United States, based in Salinas, CA. It received its IRS tax-exemption ruling in February 1982, 44 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, Hartnell College Foundation reported income of $7.5m and spending of $8.0m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.1m to $7.5m (-6.7%), an average of -1.7% a year. The sharpest change came in the year to June 2021, when income rose by 150%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hartnell College Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include RR Christian Academy ($7.5m), Hamaspik School ($7.5m) and Interactive Academy Inc ($7.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 16% of the total. Other salaries and wages came to $548k. At year end it held assets of $52.7m against liabilities of $1.2m, net assets of $51.5m. It reported 237 employees.