Putnam Foundation

Analysis

Putnam Foundation is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in June 1952, 74 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 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 March 2024, Putnam Foundation reported income of $1.9m and spending of $2.6m, spending 137% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income fell from $9.4m to $1.9m (-80%), an average of -33% a year. The sharpest change came in the year to March 2023, when income rose by 518%. Over the whole period it spent 38% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Putnam Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Craft in America Inc ($1.9m), Pack Place Performing Arts ($1.9m) and Vindex Media ($1.9m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 71% of the total. Compensation of current officers, directors and key employees was $255k (9.6% of expenses). Other salaries and wages came to $815k. At year end it held assets of $57.2m against liabilities of $535k, net assets of $56.6m. It reported 30 employees.