Friends of Lanai Booster

Analysis

Friends of Lanai Booster is a registered charity in United States, based in Encino, CA. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Friends of Lanai Booster reported income of $532k and spending of $298k, leaving 44% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $656k to $532k (-19%), an average of -6.8% a year. The sharpest change came in the year to June 2021, when income dropped by 54%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Lanai Booster sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include College Choice Foundation a Nonprofit Organization ($532k), Nashoba Montessori School Inc ($532k) and Pha Preparatory School Inc ($532k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $1.1m against liabilities of $7,373, net assets of $1.1m.