Mira Costa College Foundation

Analysis

Mira Costa College Foundation is a registered charity in United States, based in Oceanside, CA. It received its IRS tax-exemption ruling in April 1967, 59 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mira Costa College Foundation reported income of $1.6m and spending of $1.9m, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.0m to $1.6m (-73%), an average of -28% a year. The sharpest change came in the year to June 2020, when income dropped by 59%. Over the whole period it spent 62% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mira Costa College Foundation sits at the 80th percentile: it is larger than about 80% 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 Latino U College Access ($1.6m), Christian Heritage Academy ($1.6m) and Minnesota Statewide Limited Energy Apprenticeship & Training TR Fund ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% of the total. Other salaries and wages came to $156k. At year end it held assets of $21.3m against liabilities of $78k, net assets of $21.2m.