Carlsbad Educational Foundation

Analysis

Carlsbad Educational Foundation is a registered charity in United States, based in Carlsbad, CA. It received its IRS tax-exemption ruling in February 1985, 41 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 August 2023, Carlsbad Educational Foundation reported income of $5.5m and spending of $5.1m, spending 92% of its income. Across the 6 years on record, from August 2018 to August 2023, income grew from $3.8m to $5.5m (+45%), an average of +7.7% a year. The sharpest change came in the year to August 2022, when income rose by 23%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Carlsbad Educational Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Developmental Evaluation and Adjustment Facilities Inc ($5.5m), Represent US Education Fund ($5.5m) and Lori & David Scott Foundation ($5.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 12% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $191k (3.8% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $4.6m against liabilities of $2.1m, net assets of $2.5m. It reported 150 employees.