Carlsbad Community Foundation Inc

Analysis

Carlsbad Community Foundation Inc is a registered charity in United States, based in Carlsbad, NM. It received its IRS tax-exemption ruling in September 1970, 56 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Carlsbad Community Foundation Inc reported income of $1.7m and spending of $853k, leaving 50% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.4m to $1.7m (+20%), an average of +4.7% a year. The sharpest change came in the year to June 2022, when income rose by 89%. Over the whole period it spent 40% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Carlsbad Community Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within NM. Charities of a similar size with the same main cause include Community Foundation of South Lake County Inc ($1.7m), Endaoment ($1.7m) and Foundation for Ethnic Understanding ($1.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 42% of the total. Compensation of current officers, directors and key employees was $203k (24% of expenses). Other salaries and wages came to $94k. At year end it held assets of $23.4m against liabilities of $1.4m, net assets of $22.1m. It reported 4 employees.