Freedom Band Foundation of Los Angeles

Analysis

Freedom Band Foundation of Los Angeles is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Freedom Band Foundation of Los Angeles reported income of $76k and spending of $48k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $37k to $76k (+108%), an average of +108% a year. The sharpest change came in the year to December 2023, when income rose by 108%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Freedom Band Foundation of Los Angeles sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within CA. Charities of a similar size with the same main cause include American Institute of Graphic Arts ($76k), Onstage Theatre Arts ($76k) and Make-Believe Association ($76k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 11% of the total. At year end it held assets of $92k against liabilities of $0, net assets of $92k.