Edward Charles Foundation

Analysis

Edward Charles Foundation is a registered charity in United States, based in Beverly Hills, CA. It received its IRS tax-exemption ruling in October 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Edward Charles Foundation reported income of $66.5m and spending of $52.3m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $10.9m to $66.5m (+512%), an average of +57% a year. The sharpest change came in the year to June 2021, when income rose by 375%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Edward Charles Foundation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Jewish Community Council of Greater Coney Island Inc ($66.1m), Nysarc Inc ($66.5m) and Tempe Life Care Village Inc ($66.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% and program service revenue 4.2% of the total. Other salaries and wages came to $4.0m. At year end it held assets of $51.7m against liabilities of $7.0m, net assets of $44.7m. It reported 44 employees.