The El Segundo Educational Foundation

Analysis

The El Segundo Educational Foundation is a registered charity in United States, based in El Segundo, CA. It received its IRS tax-exemption ruling in February 1984, 42 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 June 2023, The El Segundo Educational Foundation reported income of $2.2m and spending of $2.3m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $2.2m (+4.9%), an average of +1.2% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The El Segundo Educational Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Catholic Investment Services Inc ($2.2m), North Shore Innoventures Inc ($2.2m) and Purdue Christian Campus House Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 13% of the total. Other salaries and wages came to $399k. At year end it held assets of $3.8m against liabilities of $318k, net assets of $3.4m. It reported 45 employees.