Tahoe Maritime Foundation

Analysis

Tahoe Maritime Foundation is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in September 1995, 31 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 private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2020, Tahoe Maritime Foundation reported income of $806k and spending of $725k, spending 90% of its income. Across the 2 years on record, from December 2019 to December 2020, income grew from $650k to $806k (+24%), an average of +24% a year. The sharpest change came in the year to December 2020, when income rose by 24%. Over the whole period it spent 123% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Tahoe Maritime Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include United Way of Ross County Inc ($805k), North Central Kansas Community Network Co ($806k) and Yakima Greenway Endowment ($805k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 3.5% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $110k (15% of expenses). Other salaries and wages came to $44k. At year end it held assets of $4.6m against liabilities of $50k, net assets of $4.6m. It reported 3 employees.