Community Foundation of Balboa Peninsula Point

Analysis

Community Foundation of Balboa Peninsula Point is a registered charity in United States, based in Newport Beach, CA. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, Community Foundation of Balboa Peninsula Point reported income of $110k and spending of $95k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $82k to $110k (+34%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Foundation of Balboa Peninsula Point sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 42nd percentile within CA. Charities of a similar size with the same main cause include Snoqualmie Valley Historical Society ($110k), Sheltersuit USA Foundation ($110k) and I Help Inc ($110k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. At year end it held assets of $142k against liabilities of $6,353, net assets of $136k.