The College of the Canyons Foundation

Analysis

The College of the Canyons Foundation is a registered charity in United States, based in Valencia, CA. It received its IRS tax-exemption ruling in May 1966, 60 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The College of the Canyons Foundation reported income of $1.4m and spending of $1.1m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.4m (+9.9%), an average of +2.4% a year. The sharpest change came in the year to June 2022, when income rose by 44%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The College of the Canyons 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 83rd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Regional Partnering Center ($1.4m), Meals on Wheels of Mercer County Inc ($1.4m) and National Society to Prevent Blindness ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $6.1m against liabilities of $122k, net assets of $6.0m. It reported 1 employees.