Culver City Education Foundation

Analysis

Culver City Education Foundation is a registered charity in United States, based in Culver City, CA. It received its IRS tax-exemption ruling in November 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 August 2023, Culver City Education Foundation reported income of $541k and spending of $560k, spending 103% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $877k to $541k (-38%), an average of -11% a year. The sharpest change came in the year to August 2021, when income rose by 64%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Culver City Education Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Georgia College Alumni Association Inc ($541k), Cheung Kong Graduate School of Business North America Inc ($541k) and Cast Metals Institute ($541k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 107% of the total. Compensation of current officers, directors and key employees was $89k (16% of expenses). Other salaries and wages came to $80k. At year end it held assets of $1.9m against liabilities of $261k, net assets of $1.6m. It reported 4 employees.