San Carlos Educational Foundation

Analysis

San Carlos Educational Foundation is a registered charity in United States, based in San Carlos, CA. It received its IRS tax-exemption ruling in October 1982, 44 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, San Carlos Educational Foundation reported income of $3.9m and spending of $3.6m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $3.9m (+20%), an average of +4.6% a year. The sharpest change came in the year to June 2020, when income rose by 23%. Over the whole period it spent 85% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, San Carlos Educational 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 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Argent Foundation ($3.9m), Bay Area Community Foundation ($3.9m) and Community Basics Inc ($3.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $158k (4.3% of expenses). Other salaries and wages came to $112k. At year end it held assets of $7.2m against liabilities of $62k, net assets of $7.1m. It reported 3 employees.