Salter Family Charitable Foundation

Analysis

Salter Family Charitable Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 1984, 42 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Salter Family Charitable Foundation reported income of $68k and spending of $3.3m, spending 4843% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $317k to $68k (-79%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 58%. Over the whole period it spent 332% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Salter Family Charitable Foundation sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 29th percentile within CA. Charities of a similar size with the same main cause include Pennsylvania Ems Provider Foundation ($68k), Phoebe Connections Inc ($68k) and Upakar the Indo-American Community Foundation Inc ($68k).

At year end it held assets of $3.3m against liabilities of $13k, net assets of $3.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.