Rob Machado Foundation

Analysis

Rob Machado Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in May 2020, 6 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, Rob Machado Foundation reported income of $133k and spending of $177k, spending 133% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $265k to $133k (-50%), an average of -29% a year. The sharpest change came in the year to December 2023, when income dropped by 45%. Over the whole period it spent 83% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Rob Machado Foundation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 46th percentile within CA. Charities of a similar size with the same main cause include Salina Presbyterian Manor Endowment Fund ($133k), Sail Beyond Cancer USA Inc ($133k) and Watson One More Inc ($133k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $349k against liabilities of $619, net assets of $348k.