Friends of South Central Losangeles Regional Center for Develop

Analysis

Friends of South Central Losangeles Regional Center for Develop is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2023, Friends of South Central Losangeles Regional Center for Develop reported income of $7.4m and spending of $7.0m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $7.8m to $7.4m (-5.6%), an average of -1.4% a year. The sharpest change came in the year to June 2020, when income dropped by 21%. Over the whole period it spent 105% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of South Central Losangeles Regional Center for Develop sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Southwest Washington Workforce Development Council ($7.4m), St Croix Valley Foundation ($7.4m) and Community Foundation for the Ohio Valley Inc ($7.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.2% of the total. Other salaries and wages came to $339k. At year end it held assets of $84.5m against liabilities of $55.4m, net assets of $29.1m. It reported 4 employees.