Laguna Community Foundation

Analysis

Laguna Community Foundation is a registered charity in United States, based in Laguna, NM. It received its IRS tax-exemption ruling in August 2023, 3 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 December 2023, Laguna Community Foundation reported income of $149k and spending of $237k, spending 159% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $150k to $149k (-0.5%), an average of -0.1% a year. The sharpest change came in the year to December 2020, when income rose by 52%. Over the whole period it spent 122% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Laguna Community Foundation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 43rd percentile within NM. Charities of a similar size with the same main cause include MP Santa Clara Inc ($149k), Holston Business Group ($149k) and Caldwell-Lyon Partnership Inc ($149k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% of the total. Compensation of current officers, directors and key employees was $76k (32% of expenses). Other salaries and wages came to $34k. At year end it held assets of $1.6m against liabilities of $608k, net assets of $971k. It reported 3 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.