Cal Poly Pomona Foundation Inc

Analysis

Cal Poly Pomona Foundation Inc is a registered charity in United States, based in Pomona, CA. It received its IRS tax-exemption ruling in July 1966, 60 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 Pomona Foundation Inc reported income of $102.0m and spending of $88.1m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $84.8m to $102.0m (+20%), an average of +4.7% a year. The sharpest change came in the year to June 2022, when income rose by 71%. Over the whole period it spent 138% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cal Poly Pomona Foundation Inc 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 Mississippi Foundation ($101.9m), Union University ($102.2m) and Coordinated Behavioral Care Inc ($101.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $660k (0.7% of expenses). Other salaries and wages came to $24.9m. At year end it held assets of $209.1m against liabilities of $147.1m, net assets of $61.9m. It reported 2,408 employees.