Palomar College Foundation

Analysis

Palomar College Foundation is a registered charity in United States, based in San Marcos, CA. It received its IRS tax-exemption ruling in December 1963, 63 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 December 2023, Palomar College Foundation reported income of $1.7m and spending of $1.0m, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.7m (+8.8%), an average of +2.1% a year. The sharpest change came in the year to December 2022, when income rose by 178%. Over the whole period it spent 25% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Palomar College Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Providence Academy ($1.7m), Alachua Learning Center Inc ($1.7m) and St Michaels Academy Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% of the total. Other salaries and wages came to $10k. At year end it held assets of $27.2m against liabilities of $23k, net assets of $27.2m.