Santa Monica Education Foundation

Analysis

Santa Monica Education Foundation is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in December 1982, 44 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, Santa Monica Education Foundation reported income of $3.9m and spending of $3.9m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.5m to $3.9m (+11%), an average of +2.7% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Santa Monica Education Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include St Thomas Day School ($3.9m), Morongo Basin Ambulance Association Inc ($3.9m) and Center for Policy Research ($3.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $684k (17% of expenses). At year end it held assets of $12.4m against liabilities of $1,866, net assets of $12.4m. It reported 1 employees.