Cabrillo College Foundation

Analysis

Cabrillo College Foundation is a registered charity in United States, based in Aptos, CA. It received its IRS tax-exemption ruling in February 1966, 60 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, Cabrillo College Foundation reported income of $7.4m and spending of $4.9m, leaving 34% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $9.3m to $7.4m (-20%), an average of -5.5% a year. The sharpest change came in the year to June 2021, when income rose by 202%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cabrillo College Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Covenant Christian Schools of Indianapolis Inc ($7.4m), Gateway Research Park Inc ($7.4m) and Mighty Writers ($7.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $230k (4.7% of expenses). Other salaries and wages came to $382k. At year end it held assets of $46.0m against liabilities of $3.1m, net assets of $43.0m. It reported 9 employees.