Rio Hondo College Foundation

Analysis

Rio Hondo College Foundation is a registered charity in United States, based in Whittier, CA. It received its IRS tax-exemption ruling in January 1993, 33 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, Rio Hondo College Foundation reported income of $739k and spending of $618k, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $625k to $739k (+18%), an average of +4.3% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rio Hondo College Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Illini Media Company ($739k), Ward After-School Program Inc ($739k) and Lincoln Park Cooperative Nursery School ($738k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% of the total. Other salaries and wages came to $109k. At year end it held assets of $4.0m against liabilities of $49k, net assets of $4.0m. It reported 3 employees.