Venice Family Clinic Foundation

Analysis

Venice Family Clinic Foundation is a registered charity in United States, based in Venice, CA. It received its IRS tax-exemption ruling in January 2011, 15 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 June 2023, Venice Family Clinic Foundation reported income of $3.8m and spending of $367k, leaving 90% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.4m to $3.8m (+13%), an average of +3.0% a year. The sharpest change came in the year to June 2020, when income rose by 75%. Over the whole period it spent 53% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Venice Family Clinic Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Peak Grantmaking Inc ($3.8m), Greater Greenbrier Valley Community Foundation ($3.8m) and National Summer School Initiative Inc ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $13.8m against liabilities of $12k, net assets of $13.7m.