Cerity Partners Foundation

Analysis

Cerity Partners Foundation is a registered charity in United States, based in Novato, CA. It received its IRS tax-exemption ruling in December 2005, 21 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 June 2023, Cerity Partners Foundation reported income of $2.5m and spending of $4.2m, spending 167% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.8m to $2.5m (-12%), an average of -3.2% a year. The sharpest change came in the year to June 2022, when income rose by 428%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Cerity Partners Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include United Way of Yellowstone County Inc ($2.5m), Asian American Futures ($2.5m) and Arizona School Choice Trust Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $35.3m against liabilities of $34k, net assets of $35.2m.