Associated Students of Santa Monica City College

Analysis

Associated Students of Santa Monica City College is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in June 1966, 60 years ago. 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 2024, Associated Students of Santa Monica City College reported income of $629k and spending of $658k, spending 105% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $1.2m to $629k (-48%), an average of -12% a year. The sharpest change came in the year to June 2023, when income rose by 57%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Associated Students of Santa Monica City College sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Ditson Street Senior Housing Inc ($629k), Junction Center for Independent Living Inc ($629k) and We Care DMV Day Services Inc ($629k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 89% of the total. At year end it held assets of $3.2m against liabilities of $10k, net assets of $3.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.