Education (B42I) IRS Verified DX Registered 990 on File

CALIFORNIA MARITIME ACADEMY FOUNDATION INC

EIN: 23-7213404 · VALLEJO, CA 94590-8181 · United States · FY 2023 Data

3 out of 5 54 / 100 Based on 2+ years of filings

Financial strength (30%) 68/100

Reliability (20%) 55/100

Effectiveness (25%) 90/100

Impact (25%) No data yet

Financial data: FY 2023 · Scored 9/13/2026

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Mission Statement

The California State University Maritime Academy's mission is to • Provide each student with a college education combining intellectual learning, applied technology, leadership development, and global awareness. • Provide the highest quality licensed officers and other personnel for the merchant marine and national maritime industries. • Provide continuing education opportunities for those in the transportation and related industries. • Be an information and technology resource center for the transportation and related industries.

Financial Overview — FY 2023

$5.7M

Total Revenue

$11.4M

Total Expenses

$30.4M

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 95.6%

Fundraising Efficiency 1.2%

Operating Reserve 32.05x

Liability-to-Asset 14.6%

Revenue Diversification 44.0%

Compared with Peers

FY 2023

Compared with 3,578 similar organizations (United States, Education, $10M–$100M in expenses), FY 2023.

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	95.6%	84.4%	P10P90	Top quarter
Admin expense ratio Management and general / total expenses · lower is better	4.3%	13.5%	P10P90	Top quarter
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	0.0%	0.7%	P10P90	Above median
Fundraising efficiency Fundraising expenses / gross fundraising income · lower is better	1.2%	631.2%	P10P90	Top quarter
Operating reserve Months of expenses covered by net assets · higher is better	32.1 mo	10.9 mo	P10P90	Top quarter
Liabilities to assets Total liabilities / total assets · lower is better	14.6%	34.2%	P10P90	Above median
Revenue concentration Share of revenue from the largest source · lower is better	44.0%	87.3%	P10P90	Top quarter
Revenue growth Year over year revenue growth	-67.4%	4.8%	P10P90
Expense growth Year over year expense growth	51.1%	8.5%	P10P90
Surplus margin Surplus as a share of revenue	-99.8%	2.7%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %
2023	$5.7M	$11.4M	$30.4M	95.6%
2022	$17.5M	$7.5M	$35.4M	93.4%
2021	$12.4M	$2.7M	N/A	—

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Organization Details

EIN: 23-7213404
State: CA
City: VALLEJO
ZIP: 94590-8181
Classification: B42I
Category: Education
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 1929
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

A pillar with no data counts as zero. Without impact metrics the score is capped at 59 (three stars): only the charity can supply that data.
The coverage grade (A to D) says how much filing data the score rests on; NONE means there is not enough to rate.
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"Compared with peers" places the charity's key ratios against organizations of the same country, sector and size.

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