The Jack and Buena Foundation

Analysis

The Jack and Buena Foundation is a registered charity in United States, based in Modesto, CA. It received its IRS tax-exemption ruling in June 2019, 7 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, The Jack and Buena Foundation reported income of $566k and spending of $565k, spending 100% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $415k to $566k (+37%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 104% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Jack and Buena Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Cardiostart International Incorporated ($566k), Universal Virtue Buddhist Charities ($566k) and Clovis Community College Foundation Inc ($566k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $98k (17% of expenses). Other salaries and wages came to $139k. It paid $2,789 in professional fundraising fees. At year end it held assets of $590k against liabilities of $117k, net assets of $473k. It reported 45 employees.