Foothill-De Anza Community Colleges Foundation

Analysis

Foothill-De Anza Community Colleges Foundation is a registered charity in United States, based in Los Altos HLS, CA. It received its IRS tax-exemption ruling in April 1997, 29 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, Foothill-De Anza Community Colleges Foundation reported income of $5.3m and spending of $6.1m, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.9m to $5.3m (+8.4%), an average of +2.0% a year. The sharpest change came in the year to June 2020, when income rose by 32%. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Foothill-De Anza Community Colleges Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Rosemoor Foundation Inc ($5.3m), SK Foundation USA Inc ($5.3m) and Teleios Collaborative Network ($5.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 6.3% of the total. Other salaries and wages came to $2.1m. At year end it held assets of $52.3m against liabilities of $968k, net assets of $51.3m.