Los Angeles Foundation on Aging

Analysis

Los Angeles Foundation on Aging is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Los Angeles Foundation on Aging reported income of $54k and spending of $122k, spending 224% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $86k to $54k (-37%), an average of -8.8% a year. The sharpest change came in the year to June 2020, when income rose by 140%. Over the whole period it spent 156% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Los Angeles Foundation on Aging sits at the 19th percentile: it is larger than about 19% 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 Home Ports ($54k), Goalie Charitable Foundation Inc ($54k) and The Last House of Second Chances ($54k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% of the total. At year end it held assets of $232k against liabilities of $0, net assets of $232k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.