Samuelson Foundation

Analysis

Samuelson Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 2000, 26 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Samuelson Foundation reported income of $59k and spending of $167k, spending 282% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $70k to $59k (-15%), an average of -4.0% a year. The sharpest change came in the year to December 2022, when income rose by 220%. Over the whole period it spent 648% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Samuelson Foundation sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within CA. Charities of a similar size with the same main cause include Charles Metejka Memorial Fund Inc ($59k), Kiwanis Club of Oakland Park Foundation Inc ($59k) and John Brock Award ($59k).

At year end it held assets of $4.2m against liabilities of $1.6m, net assets of $2.7m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.