Saddleback Memorial Foundation

Analysis

Saddleback Memorial Foundation is a registered charity in United States, based in Laguna Hills, CA. It received its IRS tax-exemption ruling in March 2014, 12 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, Saddleback Memorial Foundation reported income of $4.1m and spending of $5.4m, spending 132% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.0m to $4.1m (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2020, when income rose by 224%. Over the whole period it spent 47% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Saddleback Memorial Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Corey C Griffin Charitable Foundation ($4.1m), The Kansas City Royals Foundation ($4.1m) and Alamance Community Foundation ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 181% of the total. Compensation of current officers, directors and key employees was $791k (15% of expenses). Other salaries and wages came to $806k. At year end it held assets of $175.4m against liabilities of $4.1m, net assets of $171.3m. It reported 11 employees.