Solano Community College Education Foundation

Analysis

Solano Community College Education Foundation is a registered charity in United States, based in Fairfield, CA. It received its IRS tax-exemption ruling in March 1986, 40 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, Solano Community College Education Foundation reported income of $286k and spending of $251k, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $341k to $286k (-16%), an average of -4.3% a year. The sharpest change came in the year to June 2020, when income dropped by 43%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Solano Community College Education Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include Wisconsin Environmental Initiative Inc ($286k), Volunteers of America Inc ($286k) and World Market Place Inc ($286k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $592k against liabilities of $5,417, net assets of $587k.