Cloudbase Foundation Inc

Analysis

Cloudbase Foundation Inc is a registered charity in United States, based in Madisonville, LA. It received its IRS tax-exemption ruling in June 2010, 16 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 December 2023, Cloudbase Foundation Inc reported income of $105k and spending of $147k, spending 140% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $112k to $105k (-6.5%), an average of -6.5% a year. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cloudbase Foundation Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within LA. Charities of a similar size with the same main cause include Fortitude Foundation Inc ($105k), Good Works Project ($105k) and Nourish Foundation Inc ($105k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 13% of the total. At year end it held assets of $52k against liabilities of $0, net assets of $52k.