X245 Foundation

Analysis

X245 Foundation is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, X245 Foundation reported income of $325k and spending of $42k, leaving 87% of income unspent that year. The sharpest change came in the year to December 2021, when income dropped by 76%. Over the whole period it spent 1.5% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, X245 Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Laughter for All Inc ($325k), Catholic Education Opportunities Foundation Inc ($325k) and Alabama Christian Radio Inc ($325k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $4.4m against liabilities of $363k, net assets of $4.0m.