The CDM Foundation

Analysis

The CDM Foundation is a registered charity in United States, based in Newport Beach, CA. It received its IRS tax-exemption ruling in September 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 June 2023, The CDM Foundation reported income of $421k and spending of $491k, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $378k to $421k (+11%), an average of +2.7% a year. The sharpest change came in the year to June 2022, when income rose by 28%. 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, The CDM Foundation sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Columbia Gorge Community College Foundation ($421k), 100 Ride Inc ($421k) and Margaret E Moul Foundation ($421k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $243k against liabilities of $0, net assets of $243k.

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.