Lake Almanor Community Foundation

Analysis

Lake Almanor Community Foundation is a registered charity in United States, based in Chester, CA. It received its IRS tax-exemption ruling in February 2002, 24 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 December 2023, Lake Almanor Community Foundation reported income of $55k and spending of $85k, spending 156% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $161k to $55k (-66%), an average of -66% a year. The sharpest change came in the year to December 2023, when income dropped by 66%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lake Almanor Community Foundation sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within CA. Charities of a similar size with the same main cause include Nasrallah Family Foundation ($55k), Sertoma Inc ($55k) and Aaron Zachary Gruen Endowment Fund of Yavneh Academy ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 3.0% of the total. At year end it held assets of $93k against liabilities of $0, net assets of $93k.