Matt Garcia Foundation

Analysis

Matt Garcia Foundation is a registered charity in United States, based in Fairfield, CA. It received its IRS tax-exemption ruling in March 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, Matt Garcia Foundation reported income of $66k and spending of $40k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $37k to $66k (+78%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 474%. Over the whole period it spent 74% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Matt Garcia Foundation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within CA. Charities of a similar size with the same main cause include West Sacramento Foundation ($66k), Michigan Pharmacy Foundation ($66k) and Lindy Loo Foundation Ltd ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 56% of the total. At year end it held assets of $89k against liabilities of $0, net assets of $89k.