Cerritos College Foundation

Analysis

Cerritos College Foundation is a registered charity in United States, based in Norwalk, 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 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, Cerritos College Foundation reported income of $1.7m and spending of $2.0m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $1.7m (+5.0%), an average of +1.2% a year. The sharpest change came in the year to June 2020, when income rose by 166%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cerritos College Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include S a I L S Incorporated ($1.7m), Classical Academy Inc ($1.7m) and Sigma Kappa Foundation Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 28% of the total. Other salaries and wages came to $171k. At year end it held assets of $9.2m against liabilities of $104k, net assets of $9.1m. It reported 7 employees.