Malibu Foundation

Analysis

Malibu Foundation is a registered charity in United States, based in Beverly Hills, CA. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Malibu Foundation reported income of $63k and spending of $565k, spending 893% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.7m to $63k (-98%), an average of -61% a year. The sharpest change came in the year to December 2021, when income rose by 273%. Over the whole period it spent 121% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Malibu Foundation sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within CA. Charities of a similar size with the same main cause include South Brazos County Fire Department ($63k), Upper Merion Police Association ($63k) and Henderson Firefighters Benevolent Association ($63k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 119% of the total. Compensation of current officers, directors and key employees was $192k (34% of expenses). Other salaries and wages came to $63k. At year end it held assets of $391k against liabilities of $250, net assets of $391k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.