Carc Washington Ranch Foundation

Analysis

Carc Washington Ranch Foundation is a registered charity in United States, based in Carlsbad, NM. It received its IRS tax-exemption ruling in June 2006, 20 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 June 2023, Carc Washington Ranch Foundation reported income of $1.1m and spending of $69k, leaving 94% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.6m to $1.1m (-58%), an average of -25% a year. The sharpest change came in the year to June 2021, when income dropped by 65%. Over the whole period it spent 4.8% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Carc Washington Ranch Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within NM. Charities of a similar size with the same main cause include Broadrick Family Foundation of Florida Inc ($1.1m), Community Foundation of Morgan County Inc ($1.1m) and Council of New Jersey Grantmakers Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% of the total. At year end it held assets of $14.2m against liabilities of $0, net assets of $14.2m.