Las Lomitas Education Foundation

Analysis

Las Lomitas Education Foundation is a registered charity in United States, based in Menlo Park, CA. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Las Lomitas Education Foundation reported income of $1.4m and spending of $1.4m, spending 99% of its income. Across the 6 years on record, from June 2018 to June 2023, income fell from $2.0m to $1.4m (-29%), an average of -6.7% a year. The sharpest change came in the year to June 2021, when income dropped by 27%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Las Lomitas Education Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Educational Foundation of Orange County Community College Inc ($1.4m), Quest Autism Programs Inc ($1.4m) and John S Armstrong School Parent- Teachers Association ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% of the total. Compensation of current officers, directors and key employees was $135k (9.5% of expenses). At year end it held assets of $1.4m against liabilities of $1.2m, net assets of $177k. It reported 1 employees.