Leadingage California Foundation

Analysis

Leadingage California Foundation is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in March 1967, 59 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Leadingage California Foundation reported income of $4.4m and spending of $9.1m, spending 209% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $4.4m (+285%), an average of +40% a year. The sharpest change came in the year to December 2022, when income rose by 2571%. Over the whole period it spent 47% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Leadingage California Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Iris Park Commons ($4.4m), Newtown Community Development Corporation ($4.4m) and Leonardville Nursing Home Inc ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 1.3% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $19.8m against liabilities of $650k, net assets of $19.1m. It reported 23 employees.