Intero Foundation

Analysis

Intero Foundation is a registered charity in United States, based in Cupertino, CA. It received its IRS tax-exemption ruling in October 2003, 23 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, Intero Foundation reported income of $325k and spending of $349k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $526k to $325k (-38%), an average of -11% a year. The sharpest change came in the year to December 2022, when income dropped by 36%. Over the whole period it spent 68% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Intero Foundation sits at the 67th percentile: it is larger than about 67% 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 CFNV Charitable Real Estate Fund ($325k), Backpacks for Life Inc ($325k) and JCC Foundation Inc ($325k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.