Mammoth Lakes Foundation

Analysis

Mammoth Lakes Foundation is a registered charity in United States, based in Mammoth Lakes, CA. It received its IRS tax-exemption ruling in November 1994, 32 years ago. 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, Mammoth Lakes Foundation reported income of $1.7m and spending of $423k, leaving 76% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.5m to $1.7m (+20%), an average of +6.2% a year. The sharpest change came in the year to June 2023, when income rose by 281%. Over the whole period it spent 46% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mammoth Lakes Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Fisher House Michigan ($1.7m), Towner County Hospital Authority ($1.7m) and California Federation of Womens Clubs ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $76k (18% of expenses). Other salaries and wages came to $41k. At year end it held assets of $9.4m against liabilities of $460k, net assets of $8.9m. It reported 3 employees.