Elings Park Foundation

Analysis

Elings Park Foundation is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in October 1980, 46 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, Elings Park Foundation reported income of $4.8m and spending of $1.8m, leaving 61% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $4.8m (+363%), an average of +47% a year. The sharpest change came in the year to December 2021, when income rose by 125%. Over the whole period it spent 56% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Elings Park Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Institute for Professionals in Taxation ($4.8m), Food for Families ($4.8m) and Arc Opportunities Inc ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $150k (8.1% of expenses). Other salaries and wages came to $405k. It paid $115k in professional fundraising fees. At year end it held assets of $12.8m against liabilities of $1.1m, net assets of $11.7m. It reported 10 employees.