Los Gatos Education Foundation

Analysis

Los Gatos Education Foundation is a registered charity in United States, based in Los Gatos, CA. It received its IRS tax-exemption ruling in May 1983, 43 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 2023, Los Gatos Education Foundation reported income of $1.8m and spending of $1.8m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.8m (+73%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 84%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Los Gatos Education Foundation sits at the 84th percentile: it is larger than about 84% 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 Shenandoah Womens Center Inc ($1.8m), Free and Fair Litigation Group Inc ($1.8m) and Counterpoint Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $126k (7.1% of expenses). At year end it held assets of $1.6m against liabilities of $1.6m, net assets of $3,135.