Claremont Educational Foundation

Analysis

Claremont Educational Foundation is a registered charity in United States, based in Claremont, CA. It received its IRS tax-exemption ruling in May 1994, 32 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 December 2023, Claremont Educational Foundation reported income of $296k and spending of $342k, spending 115% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income grew from $268k to $296k (+10%), an average of +2.0% a year. The sharpest change came in the year to December 2021, when income rose by 141%. Over the whole period it spent 119% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Claremont Educational Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($296k), Taiwanese American Foundation ($296k) and Anderson County Community Action Inc ($296k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% of the total. Other salaries and wages came to $122k. At year end it held assets of $131k against liabilities of $5,070, net assets of $126k. It reported 28 employees.