Glendale College Foundation Incorporated

Analysis

Glendale College Foundation Incorporated is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in July 1986, 40 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, Glendale College Foundation Incorporated reported income of $2.4m and spending of $1.2m, leaving 47% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $2.4m (+125%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 48%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Glendale College Foundation Incorporated sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Rising Phoenix Enrichment Program Inc ($2.4m), Green Oaks School ($2.4m) and Bridges Preparatory Academy ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% of the total. Other salaries and wages came to $66k. It paid $35k in professional fundraising fees. At year end it held assets of $19.5m against liabilities of $101k, net assets of $19.4m.