Ventura County Community Foundation

Analysis

Ventura County Community Foundation is a registered charity in United States, based in Camarillo, CA. It received its IRS tax-exemption ruling in September 1991, 35 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 September 2023, Ventura County Community Foundation reported income of $17.6m and spending of $13.7m, leaving 22% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $38.5m to $17.6m (-54%), an average of -18% a year. The sharpest change came in the year to September 2021, when income rose by 146%. Over the whole period it spent 74% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ventura County Community 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 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include United Way of Delaware Inc ($17.6m), The Community Foundatio of Louisville Depository Inc ($17.7m) and Topeka Community Foundation ($17.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 66% and program service revenue 7.3% of the total. Compensation of current officers, directors and key employees was $636k (4.6% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $176.8m against liabilities of $26.1m, net assets of $150.7m. It reported 22 employees.