Prudential California Community Foundation

Analysis

Prudential California Community Foundation is a registered charity in United States, based in Danville, CA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, Prudential California Community Foundation reported income of $56k and spending of $69k, spending 124% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $73k to $56k (-23%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 122% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Prudential California Community Foundation sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within CA. Charities of a similar size with the same main cause include Southwest Llama Rescue Inc ($56k), Association of Fundraising Professionals ($56k) and Delaware Choral Arts Assoc ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $66k against liabilities of $500, net assets of $66k.