Charityontop Foundation Inc

Analysis

Charityontop Foundation Inc is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in July 2016, 10 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Charityontop Foundation Inc reported income of $227k and spending of $443k, spending 195% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $399k to $227k (-43%), an average of -13% a year. The sharpest change came in the year to December 2020, when income rose by 115%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Charityontop Foundation Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include PTA Florida Congress ($227k), Palm Beach Round Table ($227k) and Fort Worth Local Development Corporation ($227k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 8.7% of the total. At year end it held assets of $497k against liabilities of $588k, net assets of -$91k.