Ferrari Owners Charitable Foundation

Analysis

Ferrari Owners Charitable Foundation is a registered charity in United States, based in Kentfield, CA. It received its IRS tax-exemption ruling in January 2013, 13 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, Ferrari Owners Charitable Foundation reported income of $188k and spending of $191k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $422k to $188k (-55%), an average of -18% a year. The sharpest change came in the year to December 2021, when income rose by 634%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ferrari Owners Charitable Foundation sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Pba Foundation ($188k), Rural Oklahoma Community Foundation Inc ($188k) and Bnei Avrohom Society Inc ($188k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 194% of the total. At year end it held assets of $110k against liabilities of $726, net assets of $109k.