Caltech Y

Analysis

Caltech Y is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in May 1949, 77 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Caltech Y reported income of $1.1m and spending of $1.2m, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $784k to $1.1m (+40%), an average of +8.7% a year. The sharpest change came in the year to September 2021, when income rose by 319%. Over the whole period it spent 62% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Caltech Y sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Calvary Online School ($1.1m), Friends of the Queens University of Belfast Inc ($1.1m) and Big Bend Community College Foundation ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 73% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $145k (12% of expenses). Other salaries and wages came to $348k. At year end it held assets of $10.2m against liabilities of $290k, net assets of $9.9m. It reported 10 employees.