Edison Charitable Foundation

Analysis

Edison Charitable Foundation is a registered charity in United States, based in Park City, UT. It received its IRS tax-exemption ruling in August 2018, 8 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, Edison Charitable Foundation reported income of $1.4m and spending of $250k, leaving 82% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.8m to $1.4m (-51%), an average of -16% a year. The sharpest change came in the year to December 2020, when income rose by 75%. Over the whole period it spent 4.1% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Edison Charitable Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within UT. Charities of a similar size with the same main cause include Donald and Martha Kaplan Freedman Foundation ($1.4m), Harvard Lampoon Trust Under Declaration of Trust ($1.4m) and Gaudium Et Spes ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.0% of the total. At year end it held assets of $28.0m against liabilities of $6,025, net assets of $28.0m.