Devto Support Foundation

Analysis

Devto Support Foundation is a registered charity in United States, based in Newport Beach, CA. It received its IRS tax-exemption ruling in July 2014, 12 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Devto Support Foundation reported income of $23.8m and spending of $5.1m, leaving 79% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $23.8m (+1460%), an average of +99% a year. The sharpest change came in the year to December 2023, when income rose by 435%. Over the whole period it spent 62% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Devto Support Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Givengain Foundation USA ($23.6m), St Baldricks Foundation Inc ($23.9m) and United Way of the Greater Lehigh Valley ($23.5m).

At year end it held assets of $93.7m against liabilities of $0, net assets of $93.7m.