42 Foundation

Analysis

42 Foundation is a registered charity in United States, based in Huntingtn BCH, CA. It received its IRS tax-exemption ruling in June 2001, 25 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, 42 Foundation reported income of $86k and spending of $413k, spending 480% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $82k to $86k (+5.4%), an average of +1.3% a year. The sharpest change came in the year to December 2022, when income rose by 453%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, 42 Foundation sits at the 39th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within CA. Charities of a similar size with the same main cause include Wishes in the Wild Inc ($86k), Blue Cap Foundation Inc ($86k) and Ashley County Health Foundation ($86k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% of the total. At year end it held assets of $171k against liabilities of $0, net assets of $171k.