CRG Foundation Inc

Analysis

CRG Foundation Inc is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in November 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, CRG Foundation Inc reported income of $547k and spending of $196k, leaving 64% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $77k to $547k (+611%), an average of +92% a year. The sharpest change came in the year to December 2021, when income rose by 301%. Over the whole period it spent 69% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, CRG Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Eastern Upper Peninsula Community Community Foundation Alliance Inc ($547k), Sweet Repeat Charitable Foundation ($547k) and Berkeley Public Library Foundation ($547k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 17% of the total. At year end it held assets of $1.2m against liabilities of $540k, net assets of $624k.