Almanor Foundation

Analysis

Almanor Foundation is a registered charity in United States, based in Chester, CA. It received its IRS tax-exemption ruling in January 2022, 4 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, Almanor Foundation reported income of $1.0m and spending of $871k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $861k to $1.0m (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 56% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Almanor Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Greater Fostoria Community Foundation Inc ($1.0m), Lawrence and Ellen Macks Family Foundation of Florida ($1.0m) and Law Rocks Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 6.1% of the total. Other salaries and wages came to $52k. At year end it held assets of $840k against liabilities of $21k, net assets of $819k. It reported 1 employees.