Elk Grove Community Foundation

Analysis

Elk Grove Community Foundation is a registered charity in United States, based in Elk Grove, CA. It received its IRS tax-exemption ruling in December 1976, 50 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 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, Elk Grove Community Foundation reported income of $794k and spending of $434k, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $641k to $794k (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2021, when income rose by 107%. Over the whole period it spent 49% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Elk Grove Community Foundation sits at the 79th percentile: it is larger than about 78% 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 Olympic View Community Foundation ($794k), Fishing for Life ($794k) and Rema Hort Mann Foundation Inc ($793k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% of the total. At year end it held assets of $6.4m against liabilities of $300k, net assets of $6.1m.