Charitable Foundation USA

Analysis

Charitable Foundation USA is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in June 1998, 28 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Charitable Foundation USA reported income of $69k and spending of $146k, spending 212% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $232k to $69k (-70%), an average of -26% a year. The sharpest change came in the year to December 2021, when income dropped by 66%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Charitable Foundation USA sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 31st percentile within FL. Charities of a similar size with the same main cause include American Friends of Kollel Ohr Yosef ($69k), Golden Rotary Foundation ($69k) and George T Veal Memorial Fund ($69k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $29k (20% of expenses). At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m. It reported 1 employees.

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.