Laguna Beach Community Foundation

Analysis

Laguna Beach Community Foundation is a registered charity in United States, based in Laguna Beach, CA. It received its IRS tax-exemption ruling in July 2006, 20 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, Laguna Beach Community Foundation reported income of $779k and spending of $625k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2,005 to $779k (+38755%), an average of +344% a year. The sharpest change came in the year to December 2020, when income rose by 393845%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Laguna Beach Community Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Association for Traditional Studies ($779k), Prince Albert II of Monaco Foundation USA ($779k) and Computers for Kids ($778k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.