The Carroll Shelby Foundation

Analysis

The Carroll Shelby Foundation is a registered charity in United States, based in Garden Grove, 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 (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, The Carroll Shelby Foundation reported income of $808k and spending of $493k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $808k (-53%), an average of -17% a year. The sharpest change came in the year to December 2022, when income rose by 327%. Over the whole period it spent 30% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Carroll Shelby Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Manhattan Sephardic Congregation ($808k), Springfield Regional Arts Council ($808k) and Friends of Astoria Column Inc ($808k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Other salaries and wages came to $26k. At year end it held assets of $10.5m against liabilities of $285k, net assets of $10.3m. It reported 2 employees.