South Bay Friends Foundation

Analysis

South Bay Friends Foundation is a registered charity in United States, based in Manhattan BCH, CA. It received its IRS tax-exemption ruling in August 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, South Bay Friends Foundation reported income of $59k and spending of $77k, spending 131% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $76k to $59k (-22%), an average of -8.0% a year. The sharpest change came in the year to December 2020, when income dropped by 26%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, South Bay Friends Foundation sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within CA. Charities of a similar size with the same main cause include Presque Isle Electric & Gas Communities First Fund ($59k), Wings of Kindness Foundation Inc ($59k) and Denison Athletic Booster Club Inc ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $100k against liabilities of $0, net assets of $100k.