Long Beach Community Foundation

Analysis

Long Beach Community Foundation is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in February 2007, 19 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, Long Beach Community Foundation reported income of $6.4m and spending of $4.4m, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.8m to $6.4m (+32%), an average of +7.3% a year. The sharpest change came in the year to December 2021, when income rose by 63%. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Long Beach Community Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Westmoreland Cultural Trust ($6.4m), Techbridge Inc ($6.4m) and The Putnam County Community Foundation Inc ($6.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $183k (4.2% of expenses). Other salaries and wages came to $170k. At year end it held assets of $70.0m against liabilities of $22.2m, net assets of $47.8m. It reported 5 employees.