The Santa Monica College Foundation

Analysis

The Santa Monica College Foundation is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in August 1964, 62 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Santa Monica College Foundation reported income of $4.9m and spending of $2.9m, leaving 39% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $4.9m (+73%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 143%. Over the whole period it spent 52% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Santa Monica College Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Montessori Education Centre-Charter School ($4.9m), Center for Family Medicine ($4.9m) and Uw-Whitewater Foundation Inc ($4.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% of the total. Compensation of current officers, directors and key employees was $103k (3.5% of expenses). Other salaries and wages came to $267k. At year end it held assets of $35.6m against liabilities of $112k, net assets of $35.5m. It reported 6 employees.