Medici Foundation

Analysis

Medici Foundation is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in November 1995, 31 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, Medici Foundation reported income of $139k and spending of $536k, spending 384% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $285k to $139k (-51%), an average of -16% a year. The sharpest change came in the year to December 2022, when income dropped by 58%. Over the whole period it spent 270% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Medici Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 47th percentile within CA. Charities of a similar size with the same main cause include Support the Troops Inc ($139k), Cherokee Community Foundation ($139k) and United Way of Boone County Illinois ($139k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% of the total. At year end it held assets of $1.6m against liabilities of -$4,000, net assets of $1.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.