California State University Bakersfield Foundation

Analysis

California State University Bakersfield Foundation is a registered charity in United States, based in Bakersfield, CA. It received its IRS tax-exemption ruling in April 1969, 57 years ago. Its declared purposes cover education, which this site groups under education and training. 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, California State University Bakersfield Foundation reported income of $6.2m and spending of $6.8m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $7.2m to $6.2m (-14%), an average of -3.8% a year. The sharpest change came in the year to June 2021, when income rose by 128%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, California State University Bakersfield Foundation sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include North Hills Christian School Inc ($6.2m), Minnesota Academy of Family Physicians Foundation ($6.2m) and West Lake Education Foundation Inc ($6.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 41% of the total. Other salaries and wages came to $740k. At year end it held assets of $56.9m against liabilities of $1.2m, net assets of $55.6m. It reported 10 employees.