Eastmont Foundation

Analysis

Eastmont Foundation is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in March 1997, 29 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 September 2023, Eastmont Foundation reported income of $631k and spending of $470k, leaving 25% of income unspent that year. Across the 6 years on record, from September 2018 to September 2023, income grew from $47k to $631k (+1236%), an average of +68% a year. The sharpest change came in the year to September 2019, when income rose by 598%. Over the whole period it spent 66% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Eastmont 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 74th percentile, and in the 73rd percentile within NE. Charities of a similar size with the same main cause include Center for Urban Rehabilitation and Empowerment C U R E Inc ($631k), Pender Community Health Care Foundation Inc ($632k) and Project C a R E of Texas Inc ($629k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 80% of the total. Other salaries and wages came to $59k. At year end it held assets of $4.4m against liabilities of $20k, net assets of $4.4m.