Shasta Regional Community Foundation

Analysis

Shasta Regional Community Foundation is a registered charity in United States, based in Redding, CA. It received its IRS tax-exemption ruling in November 1996, 30 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 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 June 2024, Shasta Regional Community Foundation reported income of $6.5m and spending of $6.6m, spending 102% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $6.4m to $6.5m (+1.0%), an average of +0.3% a year. The sharpest change came in the year to June 2023, when income dropped by 36%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Shasta Regional Community Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Reading Terminal Market Corporation ($6.5m), The Foraker Group ($6.5m) and Giant Community Fund ($6.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 77% and program service revenue 9.8% of the total. Compensation of current officers, directors and key employees was $243k (3.7% of expenses). Other salaries and wages came to $326k. At year end it held assets of $36.1m against liabilities of $488k, net assets of $35.6m. It reported 8 employees.