San Diego County Capital Asset Leasing Corporation
Public records raise at least one point you should look into before giving.
What it says it does
San Diego County Capital Asset Leasing Corporation SANCAL is a non-profit benefit corporation supporting the acquisition installation and construction of improvements real property and equipment by the County of San Diego County for public purpose via lease financing arrangements with the County.
- Income
- $55.4 million
- Spending
- $155.2 million
- Employees
- 0
- Volunteers
- 0
- Highest pay
- $400, treasurer
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. How we rate
Governance
This return does not answer enough of the governance questions to score.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (5)
- $16.9 million spent. Debt Service: Principal and Interest Payments paid to Bondholders; Principal: $4,575,000; Interest: $12,359,647. Include only revenue from base rental payments annual base rental advance and any additional advances as it directly funds the P&I expense. Exclude interest revenue as it does not directly fund the P&I payments.
- $425,887 spent. Bond Issuance Costs: To cover the expenses related to issuing the 2024 Edgemoor financing. Bond Issuance Cost: $425,887
- $92.9 million spent. CONSTRUCTION EXPENDITURES FROM THE CAPITAL OUTLAY AND SPECIAL REVENUE FUNDS: $92,860,547
- $44.9 million spent. PAYMENT TO ESCROW FOR REFUNDED FINANCINGS $44,908,360
- $59,209 spent. THIS IS THE AMOUNT TO COVER DEBT SERVICE FEES $15,235 AND SPECIAL DEPT EXPENSES $43,974
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(4) social welfare organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Caution.
The IRS master file records contributions to this 501(c)(4) social welfare organization as not deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since November 1984.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.