Daughters of Charity Foundation

Analysis

Daughters of Charity Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 2000, 26 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Daughters of Charity Foundation reported income of $14.2m and spending of $32.0m, spending 225% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $20.3m to $14.2m (-30%), an average of -8.5% a year. The sharpest change came in the year to June 2021, when income rose by 57%. Over the whole period it spent 153% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Daughters of Charity Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include CF Foundation Inc ($14.2m), University of South Florida Institute of Applied Engineering I ($14.2m) and W W Caruth Jr Foundation ($14.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.0% of the total. Compensation of current officers, directors and key employees was $172k (0.5% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $378.9m against liabilities of $29.1m, net assets of $349.9m. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.