Community Foundation of the Verdugos

Analysis

Community Foundation of the Verdugos is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in December 1958, 68 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 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, Community Foundation of the Verdugos reported income of $888k and spending of $1.0m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $888k (-18%), an average of -4.7% a year. The sharpest change came in the year to December 2023, when income dropped by 56%. Over the whole period it spent 84% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation of the Verdugos sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Carole Kai Charities Inc ($887k), Clay Electric Foundation Inc ($888k) and British American Foundation of Texas ($887k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% of the total. Compensation of current officers, directors and key employees was $109k (11% of expenses). Other salaries and wages came to $24k. At year end it held assets of $14.1m against liabilities of $898k, net assets of $13.2m. It reported 2 employees.