Foundation of LA Jolla High School

Analysis

Foundation of LA Jolla High School is a registered charity in United States, based in LA Jolla, CA. It received its IRS tax-exemption ruling in December 1983, 43 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, Foundation of LA Jolla High School reported income of $854k and spending of $845k, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $678k to $854k (+26%), an average of +8.0% a year. The sharpest change came in the year to June 2022, when income rose by 68%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation of LA Jolla High School sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Corporate Tax Foundation ($854k), Ebh Journey Inc ($854k) and Lupine Experiential School ($853k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% of the total. Compensation of current officers, directors and key employees was $44k (5.2% of expenses). At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 2 employees.