Contra Costa College Memorial Scholarship Foundation

Analysis

Contra Costa College Memorial Scholarship Foundation is a registered charity in United States, based in San Pablo, CA. It received its IRS tax-exemption ruling in May 1967, 59 years ago. 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, Contra Costa College Memorial Scholarship Foundation reported income of $775k and spending of $539k, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.5m to $775k (-69%), an average of -25% a year. The sharpest change came in the year to June 2020, when income dropped by 34%. Over the whole period it spent 48% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Contra Costa College Memorial Scholarship Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Link Associates Foundation Incorporates ($775k), Hotel Inc ($775k) and Cabarrus Arts Council Inc ($775k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $9.4m against liabilities of $11k, net assets of $9.4m.