Friends of Canfield

Analysis

Friends of Canfield is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in February 2005, 21 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 2024, Friends of Canfield reported income of $198k and spending of $304k, spending 154% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $283k to $198k (-30%), an average of -8.5% a year. The sharpest change came in the year to June 2021, when income dropped by 46%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Canfield sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 56th percentile within CA. Charities of a similar size with the same main cause include Elim Childrens Center Inc ($198k), Peter G Colton Memorial Fund ($198k) and BHS Quarterback Club Inc ($198k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 95% of the total. At year end it held assets of $316k against liabilities of $0, net assets of $316k.

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.