Palos Verdes Peninsula Education Foundation

Analysis

Palos Verdes Peninsula Education Foundation is a registered charity in United States, based in Palos Verdes Est, CA. It received its IRS tax-exemption ruling in August 1980, 46 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, Palos Verdes Peninsula Education Foundation reported income of $4.5m and spending of $4.0m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.2m to $4.5m (+8.4%), an average of +2.0% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Palos Verdes Peninsula Education Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Happy Valley East ($4.5m), Tekoa Charter School Inc ($4.5m) and Rio Grande Bible Institute Inc ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $111k (2.8% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $6.8m against liabilities of $779k, net assets of $6.0m. It reported 206 employees.