Pasadena-Altadena Ivy Foundation

Analysis

Pasadena-Altadena Ivy Foundation is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in March 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, Pasadena-Altadena Ivy Foundation reported income of $92k and spending of $63k, leaving 32% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $78k to $92k (+19%), an average of +5.9% a year. The sharpest change came in the year to December 2023, when income rose by 79%. Over the whole period it spent 59% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Pasadena-Altadena Ivy Foundation 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 35th percentile, and in the 37th percentile within CA. Charities of a similar size with the same main cause include Marshall Area Community Services Inc ($92k), Waterbury Opportunities Industrialization Inc ($92k) and Downtown Branson Betterment Assoc ($92k).

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 $112k against liabilities of $10k, net assets of $102k.