Allan Hancock College Foundation

Analysis

Allan Hancock College Foundation is a registered charity in United States, based in Santa Maria, CA. It received its IRS tax-exemption ruling in August 1977, 49 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 2023, Allan Hancock College Foundation reported income of $1.8m and spending of $1.5m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.7m to $1.8m (-33%), an average of -9.5% a year. The sharpest change came in the year to June 2020, when income rose by 73%. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Allan Hancock College Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Southern 14 Workforce Investment Board Inc ($1.8m), Grand Island Young Mens Christian Assn ($1.8m) and Center for Accessible Living Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% of the total. Other salaries and wages came to $255k. At year end it held assets of $22.0m against liabilities of $211k, net assets of $21.8m. It reported 6 employees.