California Restaurant Association Foundation Inc

Analysis

California Restaurant Association Foundation Inc is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, California Restaurant Association Foundation Inc reported income of $5.5m and spending of $4.7m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $5.5m (+402%), an average of +50% a year. The sharpest change came in the year to December 2021, when income rose by 85%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, California Restaurant Association Foundation Inc 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 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include The Oneness Family School ($5.5m), San Joaquin College of Law ($5.5m) and Pioneer Valley Christian Academy Inc ($5.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $210k (4.5% of expenses). Other salaries and wages came to $197k. At year end it held assets of $8.8m against liabilities of $195k, net assets of $8.6m.