Long Beach Neighborhood Foundation

Analysis

Long Beach Neighborhood Foundation is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in November 2008, 18 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Long Beach Neighborhood Foundation reported income of $55k and spending of $62k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $57k to $55k (-3.8%), an average of -3.8% a year. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Long Beach Neighborhood Foundation sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within CA. Charities of a similar size with the same main cause include Sonshine Gymnastics Booster Club Inc ($55k), Camp Rainbow Inc ($55k) and Princeton Soccer Academy NJ ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $7,856 against liabilities of $0, net assets of $7,856.