Los Medanos College Foundation

Analysis

Los Medanos College Foundation is a registered charity in United States, based in Pittsburg, CA. It received its IRS tax-exemption ruling in October 2022, 4 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, Los Medanos College Foundation reported income of $175k and spending of $245k, spending 140% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $367k to $175k (-52%), an average of -17% a year. The sharpest change came in the year to June 2022, when income dropped by 59%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Los Medanos College Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Enlighten Learning Resource ($175k), Rotary Club of Des Moines ($175k) and Tuskegee Human and Civil Rights Multicultural Center ($175k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $1.3m against liabilities of $10k, net assets of $1.3m.