Methodist Foundation of Santa Monic

Analysis

Methodist Foundation of Santa Monic is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in February 1968, 58 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Methodist Foundation of Santa Monic reported income of $515k and spending of $806k, spending 156% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $390k to $515k (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2021, when income rose by 95%. Over the whole period it spent 66% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Methodist Foundation of Santa Monic sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Missouri Association of Rural Education ($515k), John 14-2 Foundation ($515k) and Clothes Helping Kids Inc ($515k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% of the total. Compensation of current officers, directors and key employees was $1,200 (0.1% of expenses). At year end it held assets of $6.7m against liabilities of $3,500, net assets of $6.7m.