Inverness Foundation 15 Park Ave

Analysis

Inverness Foundation 15 Park Ave is a registered charity in United States, based in Inverness, CA. It received its IRS tax-exemption ruling in May 1966, 60 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 2024, Inverness Foundation 15 Park Ave reported income of $50k and spending of $36k, leaving 28% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $36k to $50k (+39%), an average of +8.5% a year. The sharpest change came in the year to June 2021, when income rose by 58%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Inverness Foundation 15 Park Ave sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 21st percentile within CA. Charities of a similar size with the same main cause include Parent Booster USA Inc ($50k), PTA California Congress of Parents Teachers & Students Inc ($50k) and Chase Park Association ($50k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 83% and program service revenue 2.3% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 1 employees.