Del Mar Foundaion

Analysis

Del Mar Foundaion is a registered charity in United States, based in Del Mar, CA. It received its IRS tax-exemption ruling in April 1982, 44 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Del Mar Foundaion reported income of $613k and spending of $330k, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $613k (-54%), an average of -18% a year. The sharpest change came in the year to December 2022, when income dropped by 167%. Over the whole period it spent 35% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Del Mar Foundaion sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Hudson Valley Current Inc ($613k), Re-Vision Inc ($614k) and Greater Lima Region Inc ($613k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 14% of the total. Other salaries and wages came to $49k. At year end it held assets of $9.0m against liabilities of $6,456, net assets of $9.0m. It reported 1 employees.