Belvedere Cove Foundation

Analysis

Belvedere Cove Foundation is a registered charity in United States, based in San Rafael, CA. It received its IRS tax-exemption ruling in July 1984, 42 years ago. 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, Belvedere Cove Foundation reported income of $484k and spending of $181k, leaving 63% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $219k to $484k (+121%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Belvedere Cove Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Pio Mendez Housing Development Fund Company ($484k), United Way for Clinton County Inc ($484k) and Ford K Sayre Memorial Ski Council ($484k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% of the total. At year end it held assets of $1.8m against liabilities of $42k, net assets of $1.8m.