Cal Poly Corporation

Analysis

Cal Poly Corporation is a registered charity in United States, based in San Luis Obispo, CA. It received its IRS tax-exemption ruling in March 1942, 84 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cal Poly Corporation reported income of $111.2m and spending of $100.0m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $89.8m to $111.2m (+24%), an average of +5.5% a year. The sharpest change came in the year to June 2022, when income rose by 41%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cal Poly Corporation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include University of Wyoming Foundation ($110.8m), Benedictine College ($111.3m) and Dalton Schools Inc ($110.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $434k (0.4% of expenses). Other salaries and wages came to $29.6m. At year end it held assets of $275.4m against liabilities of $131.6m, net assets of $143.8m. It reported 3,431 employees.