LA Jolla Community Foundation

Analysis

LA Jolla Community Foundation is a registered charity in United States, based in LA Jolla, CA. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, LA Jolla Community Foundation reported income of $1.9m and spending of $303k, leaving 84% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $25k to $1.9m (+7458%), an average of +7458% a year. The sharpest change came in the year to June 2023, when income rose by 7458%. Over the whole period it spent 16% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, LA Jolla Community Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include City Life - Community Builders ($1.9m), Better Atx ($1.9m) and Solutions for Veterans Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $122k. At year end it held assets of $1.7m against liabilities of $75k, net assets of $1.6m. It reported 1 employees.