Taco Bell Foundation Inc

Analysis

Taco Bell Foundation Inc is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in July 1993, 33 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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, Taco Bell Foundation Inc reported income of $48.7m and spending of $31.8m, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $21.8m to $48.7m (+123%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 47%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Taco Bell Foundation Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Food Bank of South Jersey Inc ($48.6m), Tri Cities Community Health ($48.7m) and Navajo Technical College ($48.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $254k (0.8% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $69.6m against liabilities of $3.8m, net assets of $65.8m. It reported 19 employees.