Daffy Charitable Fund

Analysis

Daffy Charitable Fund is a registered charity in United States, based in Los Altos, CA. It received its IRS tax-exemption ruling in May 2021, 5 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, Daffy Charitable Fund reported income of $104.4m and spending of $9.7m, leaving 91% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $9.5m to $104.4m (+1004%), an average of +232% a year. The sharpest change came in the year to December 2023, when income rose by 456%. Over the whole period it spent 10% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Daffy Charitable Fund sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include The Community Foundation for Northeast Florida Inc ($104.3m), Jack Joseph and Morton Mandel Supporting Foundation ($105.1m) and Northeast Arkansas Clinic Char Foundation Inc ($102.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% of the total. At year end it held assets of $136.2m against liabilities of $6,027, net assets of $136.1m.