Lax Coastal Education Foundation

Analysis

Lax Coastal Education Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Lax Coastal Education Foundation reported income of $232k and spending of $171k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to June 2024, income grew from $184k to $232k (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2024, when income rose by 130%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lax Coastal Education Foundation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Uru the Right to Be Inc ($232k), Brentwood Country Club Employee Scholarship Fund ($232k) and Griffin Nursery School ($232k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 9.4% and program service revenue 88% of the total. At year end it held assets of $174k against liabilities of $0, net assets of $174k.