Peninsula Foundation

Analysis

Peninsula Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in February 1985, 41 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 December 2023, Peninsula Foundation reported income of $776k and spending of $858k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $891k to $776k (-13%), an average of -3.4% a year. The sharpest change came in the year to December 2021, when income rose by 62%. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Peninsula Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include American Water Works Association ($776k), Fox Chase Network Inc ($776k) and Kuyahoora Volunteer Ambulance Corps Inc ($776k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 28% of the total. At year end it held assets of $4.5m against liabilities of $154k, net assets of $4.3m.

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.