College Track

Analysis

College Track is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in October 1997, 29 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, College Track reported income of $45.0m and spending of $40.0m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $26.5m to $45.0m (+70%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 64%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, College Track sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Franklin College of Indiana ($45.0m), Rocketship Education DC Inc ($45.1m) and The High Desert Partnership in Academic Excellence Foundation Inc ($45.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $2.9m (7.1% of expenses). Other salaries and wages came to $17.8m. At year end it held assets of $93.7m against liabilities of $33.7m, net assets of $60.0m. It reported 354 employees.