Pasadena Community Foundation

Analysis

Pasadena Community Foundation is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in January 2004, 22 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Pasadena Community Foundation reported income of $16.5m and spending of $10.2m, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $23.6m to $16.5m (-30%), an average of -8.5% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 46% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Pasadena Community Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include New Harmony Care Center Inc ($16.5m), Hamilton County Community Foundation Inc ($16.6m) and East Texas Communties Foundation Inc ($16.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% of the total. Compensation of current officers, directors and key employees was $567k (5.5% of expenses). Other salaries and wages came to $694k. At year end it held assets of $156.2m against liabilities of $7.7m, net assets of $148.5m. It reported 2 employees.