Chileno Bay Foundation Inc

Analysis

Chileno Bay Foundation Inc is a registered charity in United States, based in Scottsdale, AZ. It received its IRS tax-exemption ruling in June 2020, 6 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, Chileno Bay Foundation Inc reported income of $2.5m and spending of $778k, leaving 69% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $256k to $2.5m (+891%), an average of +215% a year. The sharpest change came in the year to December 2023, when income rose by 448%. Over the whole period it spent 39% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Chileno Bay Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within AZ. Charities of a similar size with the same main cause include The Elizabeth Taylor AIDS Foundation ($2.5m), United Way of Story County Inc ($2.5m) and Foundation for Mississippi History ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $2.0m against liabilities of $2,640, net assets of $2.0m.