Poseiden Foundation Inc

Analysis

Poseiden Foundation Inc is a registered charity in United States, based in Vista, CA. It received its IRS tax-exemption ruling in December 2008, 18 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Poseiden Foundation Inc reported income of $101k and spending of $104k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $68k to $101k (+48%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 95% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Poseiden Foundation Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 39th percentile within CA. Charities of a similar size with the same main cause include Regents of the University of Minnesota ($101k), Friends of Camp Mary White Inc ($101k) and Daviess County Ceo Inc ($101k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.9% of the total. At year end it held assets of $16k against liabilities of $12k, net assets of $3,996.