Community Foundation of San Carlos

Analysis

Community Foundation of San Carlos is a registered charity in United States, based in San Carlos, CA. It received its IRS tax-exemption ruling in September 2019, 7 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 June 2024, Community Foundation of San Carlos reported income of $481k and spending of $180k, leaving 63% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $2.5m to $481k (-80%), an average of -34% a year. The sharpest change came in the year to June 2024, when income rose by 100%. Over the whole period it spent 29% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation of San Carlos sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Casa de Esperanza de Los Ninos Foundation ($481k), Taharusam Inc ($481k) and Wayne Senior Housing Development Corporation ($481k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 36% of the total. At year end it held assets of $2.9m against liabilities of $2,850, net assets of $2.9m.