Long Beach City College Foundation

Analysis

Long Beach City College Foundation is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in October 1979, 47 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 June 2023, Long Beach City College Foundation reported income of $6.0m and spending of $3.2m, leaving 46% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.0m to $6.0m (+49%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 146%. Over the whole period it spent 57% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Long Beach City College Foundation sits at the 90th 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 Mother of Divine Grace Inc ($6.0m), Ararat Charter School ($6.0m) and Emblaze Academy Charter School ($6.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $205k (6.4% of expenses). Other salaries and wages came to $558k. At year end it held assets of $30.4m against liabilities of $401k, net assets of $30.0m. It reported 14 employees.