San Mateo-Foster City Community Education Foundation

Analysis

San Mateo-Foster City Community Education Foundation is a registered charity in United States, based in Foster City, CA. It received its IRS tax-exemption ruling in May 1990, 36 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 Mateo-Foster City Community Education Foundation reported income of $575k and spending of $669k, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $565k to $575k (+1.8%), an average of +0.5% a year. The sharpest change came in the year to June 2020, when income rose by 133%. Over the whole period it spent 100% 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 Mateo-Foster City Community Education Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Mitchell Chang Foundation ($575k), Cristian Rivera Foundation ($576k) and Edward J Gallager Jr Foundation Inc ($575k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $70k (10% of expenses). Other salaries and wages came to $22k. At year end it held assets of $164k against liabilities of $0, net assets of $164k.