Kern Community Foundation

Analysis

Kern Community Foundation is a registered charity in United States, based in Bakersfield, CA. It received its IRS tax-exemption ruling in October 2001, 25 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 December 2023, Kern Community Foundation reported income of $5.1m and spending of $4.3m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.6m to $5.1m (-33%), an average of -9.6% a year. The sharpest change came in the year to December 2022, when income rose by 74%. Over the whole period it spent 54% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Kern Community Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Vegas Golden Knights Foundation Inc ($5.1m), Gofundme Org ($5.1m) and United Way of Asheville & Buncombe County Inc ($5.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $166k (3.9% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $43.4m against liabilities of $5.8m, net assets of $37.6m. It reported 123 employees.