Furuya Foundation

Analysis

Furuya Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Furuya Foundation reported income of $114k and spending of $112k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $74k to $114k (+55%), an average of +55% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 83% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Furuya Foundation sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 43rd percentile within CA. Charities of a similar size with the same main cause include Heart Shot Ministry Inc ($114k), Round Rock High School Baseball Booster Club Inc ($114k) and Dearborn Soccer Club ($114k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. At year end it held assets of $109k against liabilities of $69k, net assets of $40k.