Bixby Knolls Community Foundation

Analysis

Bixby Knolls Community Foundation is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Bixby Knolls Community Foundation reported income of $176k and spending of $163k, spending 93% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $57k to $176k (+211%), an average of +211% a year. The sharpest change came in the year to June 2023, when income rose by 211%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bixby Knolls Community Foundation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Centre-South Main Streets Inc ($176k), Leadership Pasadena Inc ($176k) and Jadi Habitiin Enterprise ($176k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $56k against liabilities of $0, net assets of $56k.