Melendez Foundation

Analysis

Melendez Foundation is a registered charity in United States, based in Longmont, CO. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Melendez Foundation reported income of $97k and spending of $45k, leaving 53% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $55k to $97k (+75%), an average of +76% a year. The sharpest change came in the year to December 2023, when income rose by 75%. Over the whole period it spent 59% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Melendez Foundation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 32nd percentile within CO. Charities of a similar size with the same main cause include South Dakota Association for the Deaf Foundation Inc ($97k), Salute to the Fallen ($97k) and 100 Club of Solano and Yolo Counties ($97k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $51k against liabilities of $0, net assets of $51k.