Loma Prieta Community Foundation

Analysis

Loma Prieta Community Foundation is a registered charity in United States, based in Los Gatos, CA. It received its IRS tax-exemption ruling in July 1986, 40 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 2023, Loma Prieta Community Foundation reported income of $274k and spending of $230k, spending 84% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $228k to $274k (+20%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 84% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Loma Prieta Community Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Michigan Elks Association Charitable Organization Inc ($274k), United Way of Forsyth County Foundation ($274k) and Millburn Education Foundation Inc ($273k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 84% of the total. Other salaries and wages came to $90k. At year end it held assets of $379k against liabilities of $0, net assets of $379k. It reported 9 employees.