Point Lobos Foundation

Analysis

Point Lobos Foundation is a registered charity in United States, based in Carmel, CA. It received its IRS tax-exemption ruling in July 1979, 47 years ago. 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 December 2023, Point Lobos Foundation reported income of $922k and spending of $649k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $922k (-11%), an average of -2.9% a year. The sharpest change came in the year to December 2020, when income dropped by 45%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Point Lobos Foundation sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Wakefield High School Education Foundation ($922k), Handson River Region ($922k) and Foundation at Highland Park Presbyterian Church ($922k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $142k (22% of expenses). Other salaries and wages came to $156k. At year end it held assets of $2.1m against liabilities of $108k, net assets of $2.0m. It reported 3 employees.