John Michael Engstrom Memorial Foundation Inc

Analysis

John Michael Engstrom Memorial Foundation Inc is a registered charity in United States, based in Newport Beach, CA. It received its IRS tax-exemption ruling in October 2009, 17 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, John Michael Engstrom Memorial Foundation Inc reported income of $154k and spending of $23k, leaving 85% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $7,531 to $154k (+1943%), an average of +1943% a year. The sharpest change came in the year to December 2023, when income rose by 1943%. Over the whole period it spent 27% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, John Michael Engstrom Memorial Foundation Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 50th percentile within CA. Charities of a similar size with the same main cause include Mountain View Round Up Fund Inc ($154k), Impact100 Mobile ($154k) and Dwi Resource Center Inc ($154k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $438k against liabilities of $0, net assets of $438k.