San Mateo County Community Colleges Foundation

Analysis

San Mateo County Community Colleges Foundation is a registered charity in United States, based in San Mateo, CA. It received its IRS tax-exemption ruling in September 1967, 59 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, San Mateo County Community Colleges Foundation reported income of $4.1m and spending of $3.6m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.7m to $4.1m (-39%), an average of -12% a year. The sharpest change came in the year to June 2023, when income rose by 54%. Over the whole period it spent 64% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, San Mateo County Community Colleges Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Leadership Roundtable Inc ($4.1m), Country Gardens Charter Schools ($4.1m) and Texas Municipal Courts Educationcenter ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% of the total. Other salaries and wages came to $417k. At year end it held assets of $28.7m against liabilities of $1.9m, net assets of $26.8m.