Education (B90Z) IRS Verified DX Registered 990 on File

TORRANCE EDUCATION FOUNDATION

EIN: 33-0506936 · TORRANCE, CA 90505-1180 · United States · FY 2024 Data

3 out of 5 59 / 100 Based on 2+ years of filings

Financial strength (30%) 93/100

Reliability (20%) 55/100

Effectiveness (25%) 94/100

Impact (25%) No data yet

Financial data: FY 2024 · Scored 9/13/2026

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Mission Statement

Torrance Education Foundation (TEF) promotes and financially supports educational excellence for pre-Kindergarten through 12th grade students enrolled in Torrance Unified School District.

Financial Overview — FY 2024

$1.0M

Total Revenue

$621K

Total Expenses

$1.7M

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 92.4%

Fundraising Efficiency 2.0%

Operating Reserve 32.20x

Liability-to-Asset 10.9%

Revenue Diversification 40.0%

Executive Compensation $0

Compared with Peers

FY 2024

Compared with 15,968 similar organizations (United States, Education, $100K–$1M in expenses), FY 2024.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	92.4%	89.3%	P10P90	Above median
Admin expense ratio Management and general / total expenses · lower is better	6.3%	8.2%	P10P90	Above median
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	1.4%	0.0%	P10P90	Bottom quarter
Fundraising efficiency Fundraising expenses / gross fundraising income · lower is better	2.0%	2.5%	P10P90	Above median
Operating reserve Months of expenses covered by net assets · higher is better	32.2 mo	9.3 mo	P10P90	Top quarter
Liabilities to assets Total liabilities / total assets · lower is better	10.9%	0.3%	P10P90	Bottom quarter
Revenue concentration Share of revenue from the largest source · lower is better	40.0%	89.4%	P10P90	Top quarter
Revenue growth Year over year revenue growth	21.6%	8.4%	P10P90
Expense growth Year over year expense growth	-12.9%	9.0%	P10P90
Surplus margin Surplus as a share of revenue	39.8%	2.8%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2024	$1.0M	$621K	$1.7M	92.4%	28
2023	$849K	$713K	$1.3M	91.3%	28
2022	$847K	$755K	$1.1M	90.3%	28
2021	$933K	$707K	N/A	—	54

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Organization Details

EIN: 33-0506936
State: CA
City: TORRANCE
ZIP: 90505-1180
Classification: B90Z
Category: Education
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 1992
Foundation Code: 15
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

★★★★★ 80–100 ★★★★☆ 60–79 ★★★☆☆ 40–59 ★★☆☆☆ 20–39 ★☆☆☆☆ 1–19

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