Pasadena Methodist Foundation

Analysis

Pasadena Methodist Foundation is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in March 1945, 81 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Pasadena Methodist Foundation reported income of $2.4m and spending of $819k, leaving 66% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $2.4m (+79%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 393%. Over the whole period it spent 78% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Pasadena Methodist Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Our Lady of Hope Inc ($2.4m), Oak Glen Christian Conference Center LLC ($2.4m) and Ohr Naava ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.6% and program service revenue 0.1% of the total. At year end it held assets of $20.1m against liabilities of $15k, net assets of $20.0m.