Laguna Beach Education Foundation

Analysis

Laguna Beach Education Foundation is a registered charity in United States, based in Laguna Beach, CA. It received its IRS tax-exemption ruling in March 1981, 45 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, Laguna Beach Education Foundation reported income of $1.1m and spending of $1.4m, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.1m (+3.7%), an average of +0.9% a year. The sharpest change came in the year to June 2023, when income rose by 43%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Laguna Beach Education Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Lazarus Project ($1.1m), Rainard School Inc ($1.1m) and Edinboro University Foundation ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 50% and program service revenue 30% of the total. Other salaries and wages came to $268k. At year end it held assets of $307k against liabilities of $1,834, net assets of $305k. It reported 6 employees.