South Pasadena Educational Foundation

Analysis

South Pasadena Educational Foundation is a registered charity in United States, based in S Pasadena, CA. It received its IRS tax-exemption ruling in October 1980, 46 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 July 2023, South Pasadena Educational Foundation reported income of $2.5m and spending of $2.2m, spending 91% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $2.2m to $2.5m (+13%), an average of +3.2% a year. The sharpest change came in the year to July 2022, when income rose by 65%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, South Pasadena Educational Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Friendly Center Inc ($2.5m), Abilitypoint Inc ($2.5m) and St Columbans on the Lake ($2.5m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $97k (4.3% of expenses). Other salaries and wages came to $562k. At year end it held assets of $2.6m against liabilities of $638k, net assets of $1.9m. It reported 150 employees.