Demolay Foundation of California Inc

Analysis

Demolay Foundation of California Inc is a registered charity in United States, based in Union City, CA. It received its IRS tax-exemption ruling in August 1967, 59 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, Demolay Foundation of California Inc reported income of $190k and spending of $270k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $108k to $190k (+77%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 816%. Over the whole period it spent 149% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Demolay Foundation of California Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Knoxville Library Association ($190k), Hartley Hall Senior Housing Inc ($190k) and Delray Citizens for Delray Police Inc ($190k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.5% of the total. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m.