Los Altos Community Foundation

Analysis

Los Altos Community Foundation is a registered charity in United States, based in Los Altos, CA. It received its IRS tax-exemption ruling in October 1996, 30 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, Los Altos Community Foundation reported income of $7.4m and spending of $7.7m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.3m to $7.4m (-12%), an average of -3.0% a year. The sharpest change came in the year to June 2022, when income rose by 61%. Over the whole period it spent 66% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Los Altos Community Foundation sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Jewish Endowment Foundation ($7.4m), Yakima Valley Community Foundation ($7.4m) and St Croix Valley Foundation ($7.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 6.9% of the total. Compensation of current officers, directors and key employees was $140k (1.8% of expenses). At year end it held assets of $25.7m against liabilities of $366k, net assets of $25.3m. It reported 30 employees.