Placer Community Foundation

Analysis

Placer Community Foundation is a registered charity in United States, based in Auburn, CA. It received its IRS tax-exemption ruling in August 2005, 21 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, Placer Community Foundation reported income of $4.0m and spending of $2.8m, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $4.0m (+97%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 276%. Over the whole period it spent 73% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Placer Community Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Clearfield Community Charitable Foundation ($4.0m), Community Foundation of Chippewa ($4.0m) and Washington County Community Foundation ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $221k (7.9% of expenses). Other salaries and wages came to $290k. At year end it held assets of $18.6m against liabilities of $116k, net assets of $18.5m. It reported 5 employees.