Redwood City Education Foundation

Analysis

Redwood City Education Foundation is a registered charity in United States, based in Redwood City, CA. It received its IRS tax-exemption ruling in June 1996, 30 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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 July 2023, Redwood City Education Foundation reported income of $590k and spending of $823k, spending 140% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $698k to $590k (-15%), an average of -4.1% a year. The sharpest change came in the year to July 2021, when income rose by 60%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Redwood City Education Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Visiting Nurse Assn Foundation ($590k), Chadwick Residence Incorporated ($590k) and Havre Eagles Manor ($590k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $90k (11% of expenses). Other salaries and wages came to $172k. At year end it held assets of $1.7m against liabilities of $43, net assets of $1.7m. It reported 1 employees.