Jean and Ed Kelly Foundation

Analysis

Jean and Ed Kelly Foundation is a registered charity in United States, based in Watsonville, CA. It received its IRS tax-exemption ruling in November 1998, 28 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, Jean and Ed Kelly Foundation reported income of $96k and spending of $99k, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $155k to $96k (-38%), an average of -11% a year. The sharpest change came in the year to September 2021, when income dropped by 61%. Over the whole period it spent 85% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Jean and Ed Kelly Foundation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 38th percentile within CA. Charities of a similar size with the same main cause include Castleford Community Mens Club Inc ($96k), Jack Fanning Memorial Foundation TR ($96k) and Eugene Southtowne Rotary Foundation ($96k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $525k against liabilities of $0, net assets of $525k.

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.