Cal State East Bay Educational Foundation

Analysis

Cal State East Bay Educational Foundation is a registered charity in United States, based in Hayward, CA. It received its IRS tax-exemption ruling in April 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cal State East Bay Educational Foundation reported income of $19.7m and spending of $3.0m, leaving 85% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.9m to $19.7m (+926%), an average of +117% a year. The sharpest change came in the year to June 2022, when income rose by 172%. Over the whole period it spent 33% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cal State East Bay Educational Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Ridgefield Academy Inc ($19.6m), VMC Indemnity Company Inc ($19.7m) and Significant Educators ($19.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.3% of the total. At year end it held assets of $44.9m against liabilities of $31k, net assets of $44.9m.