Sam and Alfreda Maloof Foundation for Arts and Crafts

Analysis

Sam and Alfreda Maloof Foundation for Arts and Crafts is a registered charity in United States, based in Alta Loma, CA. It received its IRS tax-exemption ruling in April 1995, 31 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Sam and Alfreda Maloof Foundation for Arts and Crafts reported income of $638k and spending of $857k, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $525k to $638k (+22%), an average of +5.0% a year. The sharpest change came in the year to December 2022, when income rose by 253%. Over the whole period it spent 116% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sam and Alfreda Maloof Foundation for Arts and Crafts sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Patrons of Exceptional Artists Inc ($638k), Haywood Arts Repertory Theater ($638k) and Art of the Rural ($638k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $158k (18% of expenses). Other salaries and wages came to $247k. At year end it held assets of $8.7m against liabilities of $167k, net assets of $8.6m. It reported 17 employees.