Palmdale Community Foundation

Analysis

Palmdale Community Foundation is a registered charity in United States, based in Palmdale, CA. It received its IRS tax-exemption ruling in May 1998, 28 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Palmdale Community Foundation reported income of $143k and spending of $163k, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $616k to $143k (-77%), an average of -31% a year. The sharpest change came in the year to June 2022, when income rose by 111%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Palmdale Community Foundation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 48th percentile within CA. Charities of a similar size with the same main cause include Inspiring Arts Inc ($143k), The Alpha Delta Phi Foundation Inc ($143k) and Los Angeles Virtuosi Orchestra Inc ($143k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $240k against liabilities of $3,673, net assets of $236k.