Luther Burbank Memorial Foundation

Analysis

Luther Burbank Memorial Foundation is a registered charity in United States, based in Santa Rosa, CA. It received its IRS tax-exemption ruling in August 1979, 47 years ago. 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 June 2023, Luther Burbank Memorial Foundation reported income of $18.3m and spending of $13.2m, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.2m to $18.3m (+0.9%), an average of +0.2% a year. The sharpest change came in the year to June 2022, when income rose by 348%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Luther Burbank Memorial Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Human Services Inc ($18.3m), Drew School ($18.3m) and Center for Family Life in Sunset Park Inc ($18.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $1.0m (7.7% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $38.8m against liabilities of $4.0m, net assets of $34.8m. It reported 236 employees.